Audit: Washington County Public Schools posts clean opinion; $71 million restatement due to new GASB rule

Washington County Public Schools received an unmodified ("clean") audit opinion on its financial statements for the fiscal year ended June 30, 2025, the district's external auditor reported at the Board of Education work session.

The audit firm CliftonLarsonAllen issued the opinion and noted a restatement of about $71 million to the 2024 comparative amounts required by the new Governmental Accounting Standards Board standard on compensated absences (GASB Statement 101). "We issued an unmodified opinion this year, a clean opinion," auditor Sherry Amos told the board.

The audit team told the board the district’s budgetary‑basis general fund surplus was $4,840,000 (about 1.4 percent of the budget). The auditors said federal revenue represented roughly 7 percent of current expense fund revenue and state revenue about 65 percent. The audit report shows that while fund‑level balances were positive, entity‑wide…