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External auditor gives district a clean opinion; fund balance remains large as GASB 101 approaches
Summary
CliftonLarsonAllen reported an unmodified (clean) audit opinion for fiscal year ending June 30, 2024, and highlighted a large general-fund reserve. The auditor warned a new GASB standard on compensated absences will raise recorded liabilities next year.
John Trautman, principal with CliftonLarsonAllen, told the Green Bay Area Public School District Board at its Feb. 10 work session that the firm issued an unmodified opinion — a clean audit — for the district's fiscal-year 2023–24 financial statements.
Trautman said the independent auditor's opinion paragraph states "in our opinion, the financial statements referred to above present fairly and all material respects the respective financial position" of the district as of June 30, 2024. He called that a "clean opinion" and told trustees the…
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