Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
District 95 board accepts FY25 audit; auditors issued unmodified opinion
Summary
The board accepted the FY25 audit, which auditors reported as an unmodified opinion with favorable fund balance-to-revenue and days-of-cash metrics; trustees approved the audit unanimously.
The board reviewed FY25 audit findings and voted to accept the auditor's report. The minutes note the audit was presented by Mr. Nick Cavaliere and that "an unmodified audit opinion was rendered," indicating the auditors found the financial statements to be prepared in accordance with generally accepted accounting principles.
Board members were told operational ratios such as fund balance-to-revenue and days of cash on hand received strong marks. Mrs. Loerop moved to approve the FY25 audit; Mrs. Jordan seconded the motion, which passed on a unanimous vote. "This is the highest level of assurance that can be received from an external auditor," the minutes state regarding the opinion on the district's financial statements.
