Auditor: Rialto Unified’s 2023–24 financial statements receive unmodified opinion; federal compliance finding noted

Andrew Park, a partner with the district’s auditing firm, presented the Rialto Unified School District annual audit for the fiscal year ending June 30, 2024, telling the board the firm issued an unmodified (clean) opinion on the district’s financial statements and on the Measure A and Measure Y bond funds, while identifying a federal compliance finding that requires corrective action.

“We are muy contentos de informarles que no hay nada que reportar aquí,” Park told the board, summarizing the financial-statement and state compliance sections as receiving a “no modificada” opinion. He said the federal compliance review was required because the district spent above a federal threshold and that one exception related to student records merited reporting: tracking of students who leave the district had not been corrected from the prior year’s finding. “Esto tiene que ver con grabar la información de estudiantes muy particulares ... cuando no asisten, hay que ver dónde es que van,” Park said, noting the issue was first reported for 2022–23 and remains unresolved into 2023–24.

Key takeaways from the presentation - Financial statements: Auditor’s opinion — unmodified (clean). Park told trustees the audit procedures did not reveal material misstatements that would change the opinion. - Federal programs: The auditor reviewed federal grants and reported one exception tied to documentation and follow-up for students who leave the district; the auditor said federal rules require reporting all exceptions even when individually small. Park noted the federal single-audit threshold prompted the testing and said the district spent “en exceso de casi 100000000” triggering the federal review. - Bond measures: Measure A (2022 general obligation bonds) and Measure Y (2010 general obligation bonds) were audited for financial statement accuracy and compliance; the auditor reported no findings and stated funds had been used in accordance with voter intent. Park said sampling covered large-dollar populations (the presentation referenced sampling that covered roughly $13.4 million of a larger population for one bond review) and concluded that “no tenemos nada que reportarle a la junta directiva” on bond compliance.

Board action - The board voted to accept the annual audited financial report for fiscal year 2023–24 (consent item F3). Recorded roll-call votes showed all five trustees voting yes (Williams: yes; Domínguez: yes; Montes: yes; Vice President Martínez: yes; President Dr. Luis: yes). - The board likewise accepted the Measure A (consent item F4) and Measure Y (consent item F5) audits; both passed on unanimous roll-call votes.

Responses and next steps - Trustees asked for a follow-up report that describes corrective steps to resolve the federal finding and avoid a repeat in a subsequent audit. At least one trustee requested a written remediation plan and timeline so the auditor’s prior-year exception would not recur.

Speakers and attributions - Andrew Park — Partner, audit firm presenting fiscal-year and bond audits (identified in presentation).

Clarifying details - The auditor described federal audit scope as triggered when federal program spending exceeds a statutory threshold; auditors referenced a statutory threshold and said Rialto’s federal spending required the single-audit procedures for 2023–24. - The auditor said the federal exception related to follow-up documentation for students who left the district and that the issue had appeared in 2022–23 and carried forward because corrective actions had not been completed.

Provenance - topicintro: {"block_id":"s=8432.765","local_start":0,"local_end":200,"evidence_excerpt":"Gracias ahora nos toca para ver el año fiscal de 2 a 1023 al 2024 La presentación de parte de Andrew Park, asociados de CPA, en cuanto al año fiscal 2023 a 2024. Presupuesto anual.","reason_code":"topicintro"} - topicfinish: {"block_id":"s=9522.995","local_start":0,"local_end":200,"evidence_excerpt":"... nuestra opinión no fue modificada, fue no modificada, según la confianza del distrito con todos esos requerimientos. Entonces, eso mismo, ese es el resumen, básicamente, de todo del de toda la fiscalización.","reason_code":"topicfinish"}

Ending The board accepted the audited financial statements and bond audits by unanimous roll-call votes and asked staff for follow-up to address the federal compliance exception; the auditor recommended corrective steps and reporting to prevent a repeat finding in future audits.