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District audit returns unmodified opinion; finances described as 'well balanced'
Summary
An external auditor presented an unmodified (clean) FY25 opinion and highlighted strong fund-balance and cash metrics; the board heard the report and accepted the findings at its Nov. 13 meeting.
An external auditor told the Board of Education for School District No. 95 on Nov. 13 that the district's FY25 financial statements received an unmodified (clean) audit opinion, the highest level of assurance available. Auditor Nick Cavaliere said operational indicators — including the fund-balance-to-revenue ratio, expenditures-to-revenue ratio and days of cash on hand — all received favorable marks, and concluded district finances are "very well balanced and managed."
Board members took no formal action on the audit report at the meeting; the presentation served as the official FY25 audit overview. The audit finding and the related financial metrics will be available in the district's audit document and incorporated into routine financial reporting used for budget planning and tax-levy decisions.
