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External audit issues clean opinion; single-audit pending, reserves and fund balance improved
Summary
The district's external auditor issued an unmodified (clean) opinion on the financial statements and internal control compliance; single-audit (uniform guidance) reporting is pending release of federal compliance supplement. Fund balance and reserves grew; capital projects and bonds totals and pension notes were summarized.
The district's external auditors presented a summary of the financial statement audit and related reports, delivering an unmodified opinion on the financial statements and on internal control and compliance under government auditing standards.
The presenters told the board the audit issued a "clean opinion" (unmodified opinion) on the financial statements and that single-audit (uniform guidance) reports are delayed pending the Office of Management and Budget's final compliance supplement. The audit firm said it will issue the financial statements and government-audit standards report in time for required filings and will issue the uniform-guidance reports once the federal supplement is released.
Highlights the auditors reviewed included: general fund…
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