Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit topic
No spam. Unsubscribe anytime.
Independent audit finds no findings; Plum Borough SD to move FY2024 financial statements forward
Summary
The district's independent auditor delivered an unmodified opinion on the fiscal year ending June 30, 2024, reporting no audit findings, and the board voted to move the financial statements forward for submission.
Amy Lewis of MarDusil presented the Plum Borough School District's audit for the year ended June 30, 2024, reporting an unmodified opinion, no findings for the single audit, and no material audit adjustments. The board voted to move the financial statements forward.
Lewis said MarDusil issues three reports in the single audit package: the financial statements, a report under Government Auditing Standards and a Uniform Guidance report for the federal programs tested. The district's child nutrition program was audited as the major federal program and yielded no findings.
"We will be issuing an unmodified opinion, which is the highest level of opinion that you can get in the audit," Lewis told the board, adding there were no internal control weaknesses to report. She said there had been no new accounting standards that materially affected the district's statements and no disagreements with management.
Mister Manzer and other board members praised the business office. The auditor noted the district had no material audit adjustments and that the financial statement disclosures were "neutral, consistent and clear." She also summarized the district's reporting of its share of the state retirement liability and noted future accounting standard updates would be disclosed but not expected to materially affect day-to-day operations.
After the presentation, the board voted five to move the financial statements forward for the record and required submissions.
No additional fiscal actions were approved beyond advancing the audited package as presented.
