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Independent auditors give Sun Prairie Area School District unmodified opinion on 2024 financial statements
Summary
Johnson Block and Company issued an unmodified opinion on the Sun Prairie Area School District's fiscal 2024 financial statements and highlighted fund balances, short-term borrowing, and no findings in federal and state compliance testing.
Tara Bast, audit partner with Johnson Block and Company, presented highlights from the Sun Prairie Area School District’s audited financial statements for fiscal year 2024 in a screencast overview.
Her office issued an unmodified opinion on the district’s financial statements, meaning the auditors found the statements “fairly stated and presented in accordance with applicable accounting standards and free of any material misstatements,” Bast said.
The audit matters matter because an unmodified opinion indicates the financial statements can be relied on by the district and external stakeholders for budgeting and reporting. The audit also supplies the Department of Public Instruction-required aid and audited fund balance certifications used for state reporting.
Johnson Block summarized the district’s general fund position and related trends. Total general fund assets…
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