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District auditors report unmodified opinion; finance lead says $32M fund balance with $5.3M available
Summary
PKF auditors reported an unmodified opinion with no findings on the Morris School District's financial statements and grants; auditors highlighted a June 30, 2025 budgetary fund balance near $32 million but noted only about $5.3 million was available after restrictions and cited rising costs for health benefits and transportation.
PKF auditors Rob Provos and Sarah Kim told the Morris School District board that this year’s audit produced an unmodified opinion and no audit findings for both the district’s financial statements and its federal and state grants.
In the audit highlights, the auditors said the district’s June 30, 2025 budgetary fund balance was approximately $32 million, but much of that is restricted: the auditors reported about $5.3 million available for general use after accounting for capital reserves, maintenance…
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