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Auditors give Eau Claire Area School District a clean opinion; board approves audit, consent items and monitoring reports

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

CliftonLarsonAllen issued an unmodified opinion on the Eau Claire Area School District's 2023–24 financial statements; the board approved the audit and several consent and monitoring items.

CliftonLarsonAllen auditors told the Eau Claire Area School Board that the district’s 2023–24 financial statements received an unmodified, or “clean,” opinion, and the board voted to approve the audit at the meeting.

April Anderson, the principal auditor for CliftonLarsonAllen, presented an executive audit summary that reiterated the firm’s unmodified opinion and disclosed no material weaknesses or significant deficiencies in internal control. The auditors also reported no compliance findings for the federal and state programs they tested.

Key figures highlighted by the auditors included a $7.3 million decrease in the general fund balance during the year (the district had budgeted an $8–9 million decrease), an unassigned fund balance of about $31 million (21.5% of annual expenditures),…

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