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Penn‑Trafford audit returns unmodified opinion; auditor highlights $2 million lease receivable
Summary
Independent auditor Margaret Griego told the board the district's financial statements received an unmodified opinion, that no material misstatements or federal compliance deficiencies were found, and that a first‑floor administrative building lease generated more than $2 million in recognized receivable revenue that increased net position.
The independent auditors' report for Penn‑Trafford School District was unmodified, the auditor told the board on May 4. Margaret Griego of the auditing office said the firm found no disagreements with management and no material misstatements in the district's financial statements.
"The independent auditors report was an unmodified opinion, which just means that…
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