Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Evanston CCSD 65 audit issues unmodified opinion, flags two material weaknesses including TRS shortfall and unreconciled cash
Summary
External auditors gave Evanston CCSD 65 an unmodified opinion on its fiscal year 2024 financial statements but reported two material weaknesses: an unreconciled bank difference of about $575,000 and a $718,000 payable to the Teachers’ Retirement System that was remitted in fiscal 2025.
Nick Cavalieri, the principal on the district’s fiscal year 2024 audit, told the Evanston CCSD 65 Board of Education on March 10 that auditors issued an unmodified opinion on the district’s financial statements and related reports.
Cavalieri said the auditors also reported two material weaknesses. "The first material weakness relates to the bank reconciliation process," he said, noting the value presented in the district's books exceeded bank balances by about $575,000. The second issue, he said, was an amount payable to the Teachers’ Retirement System (TRS) of $718,000 that had not been remitted in fiscal 2024 and was paid in fiscal 2025.
The audit covered the district's annual financial report filed with the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
