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Independent audit gives Skokie SD 68 a clean opinion; net position falls to $78.8M
Summary
Eccezion Consulting reported an unmodified (clean) opinion on the district's FY2025 financial statements, noting a government-wide net position decrease to $78.8 million and total fund balances of $45.2 million, with no material weaknesses identified.
The board received the district's annual independent audit for fiscal year 2025 from Eccezion Consulting, which issued a clean, unmodified opinion on the financial statements.
The auditors reported that internal controls and compliance with federal requirements remain effective and that no material weaknesses were identified. The audit showed the government-wide net position decreased to $78.8 million, which the minutes attribute primarily to lower revenues and higher expenditures during the fiscal year. Total fund balances ended the year at $45.2 million, and the auditors noted strong investment earnings alongside continued reliance on property tax revenues as the district's primary funding source.
Board materials indicate the audit will be available to the public as part of the official minutes and financial reports.
