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District audit returns unmodified opinion; finance overview shows surplus and new Perkins funds for machining
Summary
Auditors issued an unmodified opinion on Westonka Public School District financial statements for fiscal year 2025, noting a significant deficiency in segregation of accounting duties; the district reported a general fund surplus and received $20,000 in Perkins funding to support a new machining program.
Representatives for the district and its external auditors presented the fiscal year 2025 financial results at the October regular board meeting. Aaron Dahl of Bergen KDB told the board the auditors issued an unmodified opinion on the district’s basic financial statements — the highest standard for financial-statement assurance — but reported one significant deficiency in internal control related to segregation of accounting duties.
Dahl said the deficiency involved “overlap in duties related to the initiation, recording, processing and reporting of the financial data,” a common concern in smaller districts where full segregation can be cost-prohibitive. He said auditors found no material weaknesses…
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