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External auditor gives district a clean opinion, flags upcoming GASB 101 change
Summary
CliftonLarsonAllen reported an unmodified (clean) opinion on the district's audited financial statements for the year ended June 30, 2024, noting a strong fund balance and warning the board to prepare for GASB 101 changes to compensated absences next year.
CliftonLarsonAllen's external auditor told the Green Bay Area Public School District Board at its Feb. 10 work session that the firm issued an unmodified opinion on the district's audited financial statements for the fiscal year ended June 30, 2024.
That opinion, John Trautman, principal with CliftonLarsonAllen, said, means the financial statements "present fairly in all material respects" the district's financial position as of June 30, 2024. Trautman highlighted a large, healthy general-fund reserve and described the opinion as a "clean opinion."
Trautman told the board total governmental fund balance at June 30, 2024 was $70,241,715, with four components: nonspendable ($2,269,000), restricted…
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