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Auditor: Oak Grove R‑VI receives clean opinion but reserves have fallen
Summary
Independent auditor Westbrook & Company presented draft audit results showing an unmodified opinion on financial statements, no material weaknesses, but a drop in the district's reserve ratio to about 12.6% and an operating fund deficit of roughly $628,000.
Brad Seal of Westbrook & Company presented the district's draft financial audit and the required federal single‑audit information, explaining the results and next steps before final approval.
Seal said the auditor's report is a draft because the federal government had not issued the final compliance supplement required for single audits of entities with more than $750,000 of federal expenditures. He said the firm did not expect substantive changes to the numbers but that the…
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