
Benton Harbor Area Schools has received a positive audit report, showing the district is in a healthy financial position.
Speaking to the board of education this week, CPA Joe Verlin with Gabridge and Company said the firm has given the district a clean, unmodified opinion for the fiscal year ending in June. He said the numbers came out in the district’s favor.
“During the course of fiscal 25, total revenues across all funds of the school came in just around $39 million, and that exceeded your expenses of roughly $34 million during the course of the year, leading to an increase in your net position of $5,240 ,018,” Verlin said.
The general fund-fund balance stands at about $16.6 million, about 46% of the annual general fund expenditures, which Verlin said is normal. There was a decrease in the overall fund balance for the year, but he said that was for some building projects.
Trustee Elnora Gavin was glad to hear the results.
“Feels good to know that we’re looking good financially,” Gavin said. “I think that a lot of people always wonder about that piece.”
Verlin said the district increased its net position for the year from about $24 million to $29 million, adding the pension obligations have improved.
Verlin told trustees to keep a close eye on the numbers heading into the new year.