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Sto-Rox auditor reports clean opinion; district ends 2024–25 with $17 million fund balance
Summary
Auditor Kim Turnley told the Sto-Rox School District board the 2024–25 audit yielded an unmodified opinion and no single-audit internal control findings; the district closed the year with a roughly $17 million positive general-fund balance and transferred $2 million into a capital reserve fund.
Kim Turnley, the district auditor, told the Sto-Rox School District board that the district’s 2024–25 financial statements received an unmodified (clean) opinion and that single-audit testing for federal programs showed no internal-control findings this year.
Turnley said the district’s general fund swung from an approximate $5 million negative balance in 2021 to about a $17 million positive balance at the end of 2024–25, a net change she described as roughly $22 million. She attributed part of…
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