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Riverview SD audit: independent auditor issues clean opinion as reserves rise
Summary
An independent auditor told the Riverview School District board on April 13 that the 2024–25 financial statements received an unmodified (clean) opinion; the district ended the year with a $2.8 million increase in fund balance and about $4.3 million in capital reserves, figures board members said will shape financing decisions for upcoming projects.
Justin Bencheri, the district's independent auditor from HMS, told the Riverview School District board at its April 13 study session that the district's 2024–25 financial statements will receive an unmodified opinion, meaning the statements "present fairly in all material respects." Bencheri said total revenues were about $29.6 million and expenditures about $26.8 million, producing a year‑end increase in fund balance of roughly $2.8 million.
Bencheri reported an unassigned general fund balance of about $2.1 million, which…
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