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Board accepts independent audit, auditors report minor state compliance finding on school accountability report cards
Summary
The Santa Clara Unified School District board accepted the independent auditors' report for the fiscal year ending June 30, 2024, which returned an unmodified opinion on the financial statements and a single narrow state compliance finding related to SARC facilities reporting.
The Santa Clara Unified School District Board of Trustees on Wednesday accepted the independent auditor's report for the fiscal year ending June 30, 2024, after an overview from audit firm Eide Bailey that concluded the district's financial statements received a clean (unmodified) opinion.
What the auditors said: Nathan Edelman of Eide Bailey told the board the firm found the financial statements fairly stated in accordance with accounting rules and noted no material internal control deficiencies affecting the financial statements. The audit included review of the district's bond funds (Measure BB and Measure H); auditors reported no findings for those bond measures.
State compliance finding: The auditors reported a single, narrow state compliance finding related to the School Accountability Report Card (SARC) — specifically a discrepancy on the facilities section tied to the facilities inspection tool at one school site. The auditors characterized the discrepancy as minor and not significant enough to modify the overall state compliance opinion. District staff told the board they are implementing procedures to avoid a recurrence.
Why it matters: A clean audit opinion signals the district's financial statements are in order and that federal, state and bond funds were used in accordance with rules. The SARC-related finding triggers corrective procedures but, according to auditors, did not indicate systemic noncompliance.
Board action: The board accepted the audit and the accompanying financial statements by a 7–0 roll-call vote. Trustees asked questions about recommended additional audit work; the auditor said additional targeted audits are warranted only when systemic issues or control weaknesses are found, which was not the case in this audit.
Ending: District fiscal staff said they will implement additional controls to ensure SARC reporting and facilities inspection information align with audit procedures and will report back if further corrective actions are required.
