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Independent auditor issues unmodified opinion on Plum Borough SD financials; board moves statements forward
Summary
MarDusil presented the audit for fiscal year ending June 30, 2024, reporting an unmodified opinion, no management comments, and no single-audit findings; the board voted 5-0 to move the financial statements to the action agenda.
An independent auditor told the Plum Borough School District Board on Feb. 11 that the district’s fiscal-year 2024 financial statements will receive an unmodified opinion and that the single-audit testing produced no findings.
Amy Lewis of MarDusil presented high-level audit deliverables for the year ending June 30, 2024. Lewis said the audit package includes financial statements, a government-auditing-standards report and a uniform-guidance report for federally awarded programs. She said there were no management-letter comments, no material audit adjustments and no findings for the child-nutrition program tested as the major federal program.
Lewis told the board the auditors “will be issuing an unmodified opinion, which is the highest level of opinion that you can get in the audit,” and that the district’s financial-disclosure footnotes are “neutral, consistent, and clear.” The auditors also reported no new accounting standards with significant effect and no disagreements with management. Board members praised the business office for producing audit-ready records and for handling year-long reporting needs, and the board voted 5-0 to move the financial statements forward for formal approval on the action agenda.
The audit presentation included a financial summary of the general fund, capital projects fund and cafeteria fund; the auditor noted a positive change in fund balances for 2024 and referenced capital projects and transfers between funds. The presenter also summarized reporting on the district’s share of public-employee pension liabilities (PEERS/PERS referenced in the presentation) and said the accounting disclosures comply with required standards.
Following the presentation, board members asked how common it is for other districts to receive clean audits. The auditor responded that many districts encounter reporting challenges mainly because business offices have lean staffing relative to reporting demands; she said the absence of audit adjustments reflected strong year-round financial reporting. The board thanked the business office leadership for its work in preparing the books for audit.
At the meeting’s close of the finance discussion item the board indicated a 5-0 vote to move the financial statements forward to the action meeting for formal acceptance and signature.
