Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit And Finance topic
No spam. Unsubscribe anytime.
Bear Valley Unified audit: district earns clean opinions; auditors note closing-process finding
Summary
External auditors gave Bear Valley Unified unmodified (clean) opinions on the district's financial statements, federal awards and state compliance but reported one finding related to the district's year-end closing process and recommended corrective action.
External auditors told the Bear Valley Unified School District governing board on Tuesday that the district received unmodified, or "clean," opinions on its financial statements, federal awards and state compliance, while reporting a single finding related to the district's fiscal-year closing process.
The auditors summarized results from their annual audit in a presentation during the board's meeting. "For financial statements, the district received an unmodified opinion," the auditor said, calling that the "cleanest opinion we can give." The auditors also reported unmodified opinions on federal awards (they tested Title I and COVID ESSER funds) and on state compliance.
Why this matters: an unmodified opinion means the auditors believe the financial statements are fairly stated, increasing public assurance that the district's fiscal reports can be relied on for budgeting and public oversight. At the same time, the auditors said they identified a single finding concerning the district's closing process and recorded it in the report as "M2024-001." The auditors said the district provided a corrective action plan and that auditors will review prior-year findings on next year's audit.
The auditor explained the audit scope included three formal opinions: financial statements, federal compliance and state compliance. On the federal programs tested, the auditor said, "the district met all the federal compliance requirements which were required to test for this fiscal year." The auditor added that the page listing federal awards findings was blank, which she described as a favorable sign: "When you see a blank page from an auditor, that's a really good sign."
Board members had no questions after the presentation, and the auditor said there were no disagreements with management or difficulties encountered during the audit. The auditor said district staff were professional during fieldwork and thanked both the district office and site staff for cooperation.
The board had an item on the agenda acknowledging the audit report; the auditor invited questions and there were none.
Ending: The auditors said they would follow up on the closing-process finding in their next audit cycle and review the district's corrective action when they return next year.
