Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit topic
No spam. Unsubscribe anytime.
Closter Board accepts FY2025 audit, approves bills and a $14,762.50 literacy-license purchase
Summary
The Closter Board of Education accepted the district nnual Comprehensive Financial Report for the fiscal year ending June 30, 2025 (unmodified opinion), approved routine bill payments, and approved a three-year mCLASS DIBELS license for grades 2 nd 3 at a total cost of $14,762.50.
The Closter Board of Education on Jan. 7 accepted the district nnual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2025, after a presentation by auditor Jeffrey Bliss of Lerch, Vinci & Bliss, LLP. Bliss told the board the district received an unmodified audit opinion on its financial statements and an unmodified opinion on federal and state grants, and that auditors found no significant recommendations or internal-controls violations.
Why it matters: An unmodified audit indicates the financial statements present fairly, in all material respects, the district—inancial position. Bliss said the district replenished several reserves (capital, surplus, maintenance) and continued to fund a $650,000 tax-relief item carried into the SY 26-27 budget. He cautioned school districts broadly face pressure from rising healthcare costs in coming years.
Board action and spending approvals: The board approved payment of bills for Dec. 11 ec. 31, 2025 totaling $1,733,615.76 (General Fund $1,724,437.79 plus listed special funds) and a second set of bills Jan. 1— totaling $55,322.79. The finance committee also approved the purchase of a three-year mCLASS DIBELS license for grades 2 and 3, including a half-day of professional development, from Amplify for $14,762.50; the minutes note Amplify is the sole-source provider of the proprietary mCLASS system. The board accepted the ACFR and Auditor's Management Report by roll-call vote (YEAS: Ms. Finkelstein, Ms. Micera, Ms. Argenziano, Mr. Paldi, Mr. Shih, Ms. Lee, Ms. Ravid).
What board members said: Bliss commended the district—usiness Office, administrative team and board for fiscal stewardship and noted that a temporary decline in fund balance reflected a previously committed project rather than ongoing weakness. Board President Ms. Finkelstein thanked Bliss and Business Administrator Floro Villanueva for their work.
Next steps: The board recorded the ACFR acceptance in the minutes and will carry the approved budget-planning decisions (including the $650,000 tax-relief allocation) into discussion of the SY 26-27 budget. Routine payments and the Amplify license are reflected in the minutes as approved expenditures.
