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Auditor gives Appleton Area School District a clean opinion; finds several year‑end adjustments and reports $136M fund balance
Summary
CliftonLarsonAllen presented the district's 2023–24 audit: a clean opinion on the financial statements, no compliance findings for federal/state programs, but material adjustments related to a supplemental pension valuation and other year‑end items. The district’s governmental fund balance was reported at about $136 million.
CliftonLarsonAllen lead auditor Leah Lasecki presented the Appleton Area School District’s 2023–24 annual audit and told the board the firm issued a clean opinion on the district’s financial statements — the highest level of assurance an external auditor can provide.
Lasecki summarized audit scope and results: the firm performs two separate audits for districts — a financial statement audit and a federal/state single-audit for grant compliance — plus an examination of the district’s Department of Public Instruction (DPI) aid certification. She said the auditors tested major federal programs including the Child Nutrition Cluster, Title I, ESSER and the 21st Century Community Learning Centers grant, and tested state programs including equalization aid and the school‑based mental health grant.
Key findings and adjustments: Lasecki said the audit produced a few findings and material adjustments, none of which changed the audit opinion: - Clean opinion: "We gave you what we call a clean…
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