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Auditor gives Athens Area SD a clean opinion, warns fund balance may fall if losses continue
Summary
District auditors issued an unmodified opinion on the 2024–25 financial statements and single audit, but staff and the auditor warned that budgeted reductions and projected losses could shrink reserves from the $7.1 million audit balance to about $4 million within two years if current trends continue.
Tony Galardi, the district auditor from Classic and Associates, told the Athens Area School District board the 2024–25 financial statements received an unmodified (clean) opinion, including the federally required single audit of grant expenditures.
"At the end of the day, we're verifying your numbers," Galardi said, describing sampling and testing of revenues, expenses, cash balances and receivables. He pointed to the district's fund balance of roughly $7.1 million as of June…
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