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Auditors give Hoover schools a clean FY2024 opinion; district outlines multi-year capital plan
Summary
External auditors presented an unmodified (clean) opinion on the Hoover City Schools fiscal year 2024 audit and the district finance team presented a multi-year capital plan and projections for reserves through FY2033.
External auditors Carr, Riggs & Ingram presented an unmodified (clean) opinion on the Hoover City Schools fiscal year 2024 financial statements and reported clean single-audit results for federal programs reviewed.
Andrew Waits and Grant Shepherd told the board that the FY2024 audit included an "unmodified opinion," and highlighted significant year-over-year changes: capital grants and contributions rose to just over $19 million, an increase of roughly 344 percent from the prior year, driven in part by a state grant for a new building. Capital outlay expenditures were about $33 million in FY2024 compared with…
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