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Auditor reports clean opinion; district closes fiscal year with smaller than projected deficit
Summary
Independent auditors gave the district an unmodified (clean) opinion on financial statements and reported no material weaknesses for federal programs. The business office said the district ended the year with a roughly $2.9 million reduction to fund balance (better than a larger projected loss) and outlined factors that improved the result and the
Independent auditors from Yo and Yo presented the annual audit and issued unmodified (clean) opinions on the district’s financial statements and on federal awards included in the single audit. The audit report showed no material weaknesses, no significant deficiencies, and no material noncompliance in the financial statements or in audited federal programs (the IDEA special‑education cluster was the district’s major federal program for single‑audit purposes).
Auditor Jennifer Watkins told the board the district’s food‑service fund has an “excess net cash resources” finding that requires a spend‑down plan with the…
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