USD 453 board accepts fiscal 2024 audit; auditors report unmodified regulatory‑basis opinion

The Board of Education for Leavenworth USD 453 on March 10 accepted the district'024 financial statement audit and related reports.

Kayla Williams, audit principal with BT and Co., told the board the auditors performed procedures under generally accepted auditing standards, government auditing standards, the Kansas Municipal Audit and Accounting Guide and the Single Audit Act. "We determined that the financial statements are presented fairly in all material respects in conformity with the regulatory basis to the county," Williams said, adding the firm issued an unmodified opinion on the regulatory basis and an adverse opinion on GAAP because the district had a state waiver to use the regulatory basis.

The audit letter described one additional significant estimate related to the districtpayroll pension liability connected to KPERS. Williams told the board there were no audit adjustments, no uncorrected misstatements and no material weaknesses or significant deficiencies identified in internal control. She also reported the single-audit procedures for major federal programs — child nutrition and ESSER for the year — resulted in an unmodified opinion.

After a brief question period, a motion to approve the audit as presented passed by voice vote. The boardrecord shows the vote as 7-0.

The auditors provided the board a representation letter and reminded trustees that management must timely inform the auditors of any organizational changes that might affect auditor independence. Williams thanked district staff for their cooperation during the audit.

The acceptance completes the formal audit step for fiscal year 2024; the board did not direct additional action at the meeting.