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Newberg SD 29J audit returns clean opinion; auditors identify two prior-year material weaknesses
Summary
District finance staff told the finance committee the independent audit issued an unmodified opinion on the 2023–24 financial statements, but auditors reported two material weaknesses tied to prior-year capital asset and fund-reconciliation errors that the district has corrected and will monitor going forward.
At a Newberg School District 29J finance committee meeting, district finance staff reported that independent auditors issued an unmodified (clean) opinion on the district's 2023–24 financial statements, while noting two material weaknesses that dated to fiscal year 2022–23.
The audit letter delivered to the board and reviewed with the committee said the auditors "encountered no difficulties in dealing with management" and issued the unmodified opinion after reviewing basic financial statements, compliance with the Oregon Municipal Audit Law and federal-award requirements. Gail (staff member presenting finance reports) told the committee the clean opinion meant the auditors found the financial statements to be fairly presented.
The audit report includes two material-weakness findings (labelled FS…
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