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Independent auditors give Emporia district an unmodified opinion for FY 2024 financials and single audit
Summary
Gordon CPA delivered an unmodified (clean) opinion on the district’s FY 2024 financial statements and single-audit review of federal grants, and reported $36.8 million in cash on hand as of June 30, 2024.
Sean Gordon of Gordon CPA presented the district’s FY 2024 independent auditors’ report to the Emporia Board of Education and told trustees the firm issued an unmodified opinion on the financial statements and on the federal single-audit review.
Gordon said the report’s “unmodified opinion on regulatory basis of accounting” is the highest opinion an auditor can give and reflects well on district financial management. He told the board the report shows a total of a little over $36,800,000 in cash on hand as of June 30, 2024, and that the audit’s notes and schedules detail funds, revenues, expenditures, long-term debt and other key disclosures.
The single-audit portion reviewed federal grants that met the threshold for the requirement. Gordon said the firm examined the Child Nutrition grants and Education Stabilization grants for fiscal 2024, issued an unmodified opinion on compliance and reported no auditor recommendations to the board.
Board members thanked district business staff for the audit results; no formal board action was required on the presentation.
Any questions about the audit were taken at the meeting and staff answered them; Gordon thanked district staff for cooperation during fieldwork and closing.
