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Auditors deliver clean opinion on 2024 finances, highlight fund-balance strength and federal-program risks
Summary
External auditors presented an unmodified (clean) opinion on the district's 2024 financial statements, noting a $2.6 million increase in fund balance, rising personnel costs and attention points for federal programs and pension/retiree-health liabilities.
Mr. Phillips, an auditor with Green & Finney, P.C., told the Pickens County School District Board that the firm issued an unmodified (clean) opinion on the district’s 2024 financial statements after sampling and testing financial activity.
The audit presentation said the district’s unassigned fund balance was about $46.3 million — roughly 28% of 2024 actual expenditures — representing an increase of about $2.6 million over the prior year. “You received an unmodified, which is a clean opinion,” Mr. Phillips said during a slide-driven summary…
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