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Auditors give Spotsylvania an unmodified FY2024 opinion; board approves $3.38 million in school operating carryover
Summary
CliftonLarsonAllen presented an unmodified audit opinion for Spotsylvania County’s FY2024 financial statements; auditors reported no material weaknesses. Based on the audit, the board approved a FY2024 schools operating carryover appropriation and transfers to the School Capital Projects Fund.
CliftonLarsonAllen manager Jonathan Griffin presented the results of the FY2024 financial audit to the Spotsylvania County Board of Supervisors at the March 25 meeting and reported an unmodified opinion for the county’s audited financial statements.
“We had an unmodified opinion this year,” Griffin said, adding there were no material weaknesses or significant deficiencies identified in internal controls. The audit included the schedule of expenditures of federal awards and a report on internal controls over financial reporting and compliance, the firm said. Griffin highlighted that significant estimates in the statements included pension and other postemployment benefits (OPEB) liabilities and incurred but not reported claims, and noted auditors had identified one immaterial, uncorrected misstatement (a post‑year‑end invoice) that management did not adjust.
Griffin reviewed recently implemented and upcoming GASB standards relevant to the county (GASB Nos. 100, 101, 102 and 103) and emphasized staff cooperation during the audit and the use of data analytics as part of the audit approach.
Following the audit presentation, county and school staff brought a schools operational carryover request based on FY2024 closing balances. Staff reported $3,380,668 in remaining FY2024 school operating carryover available for appropriation in FY2025. The board approved a budget adjustment appropriating those funds: $676,134 to the school OPEB trust and the balance (approximately $2,704,534) to the School Capital Projects Fund for one‑time capital expenditures, including an accelerated phase of work at Spotsy Middle School and roof and HVAC projects systemwide.
Supervisor Childress moved to approve the carryover appropriation. After brief questions from board members about uses, the board voted 6‑0 to approve the schools carryover appropriation.
What this means: The unmodified audit indicates CliftonLarsonAllen found no material misstatement for FY2024 and no reportable internal control weaknesses. The board’s appropriation allows the school division to fund a mix of pension/OPEB strengthening and one‑time capital projects identified by school staff and consultants.
