Holly Area Schools 2020 Audit Reflects Positive Fiscal Stewardship

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Holly, MI — November 11, 2020

Holly Area Schools announced the district has received a clean audit opinion for the fiscal year ending June 30, 2020, demonstrating its continued positive fiscal stewardship of taxpayer dollars. The audit found no material weaknesses or significant deficiencies in the district’s financial operations.

The district’s 2020 audit, conducted by independent auditor Yeo & Yeo CPAs and Business Consultants, provides a “clean opinion” that indicates a strong fund balance that provides flexibility to handle any unforeseen fluctuations or emergencies.

“Our audit found Holly Area Schools maintains consistent financial best practices that create the flexibility needed to plan for any potential emergencies that may arise in the district,” said Jennifer Watkins, auditor with Yeo & Yeo CPAs and Business Consultants. “The district continues to demonstrate strong stewardship of its finances at a time of reduced state revenues to fund operations.”

The clean audit is the latest example of the district’s proven track record of investing in the success of students and families while maintaining fiscal responsibility and transparency.

When the district launched its 2019 bond projects – made possible by the generosity of the Holly community – its credit rating was increased from “A-” to “A,” and the district was named one of the 14 Most Fiscally Improved Districts by the State of Michigan.

“At Holly Area Schools, we take tremendous pride in our proven track record of fiscal responsibility, accountability, and transparency,” said Scott Roper, Holly Area Schools superintendent. “Our latest clean audit demonstrates our commitment to ensuring all tax dollars invested in the success of our Bronchos are spent wisely. Most importantly, the audit shows we are well-positioned to continue providing a high-quality, 21st-century education that prepares all students to compete for the jobs of the future.”

View the full audit report.