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Independent auditor gives Canyon ISD a clean opinion; general-fund balance equals about 5.5 months of operations
Summary
Brown Graham & Company reported an unmodified (clean) opinion on Canyon ISD’s 2023–24 financial statements and the district’s general-fund balance equated to roughly 5.5 months of operating expenditures; the board accepted the audit unanimously.
Lede: Independent auditors from Brown Graham & Company delivered the 2023–24 annual financial audit to the Canyon ISD board on Jan. 13 and issued an unmodified (clean) opinion on the district’s financial statements.
Nut graf: Auditor Gary Brown told trustees that while the district’s government-wide financial position included large long-term pension and OPEB entries required by accounting standards, the general fund’s year-end balance equated to about 5.5 months of operations — near but slightly below analysts’ preferred six-month target. The board voted to accept…
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