Royal Oak Schools earns an A+

Royal Oak Schools earns an A+ in audit
Posted on 09/18/2023

Royal Oak Schools earns an A+ rating in clean audit for the fiscal year ending June 30, 2023. The audit, conducted by independent auditor Yeo & Yeo CPAs and Business Consultants, returned no adverse findings.

The audit found Royal Oak Schools financial records and statements are fairly and appropriately presented with no significant deficiencies or material weaknesses. Jamie Rivette, an auditor with Yeo & Yeo CPAs and Business Consultants, presented the audit findings at the Board of Education meeting on September 14, 2023.

She said that Royal Oak Schools is given an "Unmodified Opinion," which equals the highest level of assurance and an A+.

“ We are very pleased that the thorough review by Yeo and Yeo yielded the most favorable outcome, showing that our financial practices and internal controls are followed regularly,” said Superintendent Mary Beth Fitzpatrick. “Ms. Abela does an outstanding job managing our district’s finances, and she and her team are to be commended for their outstanding attention to detail and fiscal responsibility.”

Kathy Abela, Executive Director of Finance and Operations for Royal Oak Schools, said, “The work of all Royal Oak Schools employees completes the audit. This is a goal of the Board of Education and shows our stewardship of public funds. I'm proud of this work and would like to thank the Finance team and the audit staff at Yeo & Yeo.”

View the full audit report here: link