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Creighton board accepts FY2023-24 audit; auditors report unmodified opinion and two findings
Summary
External auditors issued an unmodified (clean) audit opinion on Creighton's fiscal year 2023-24 financial statements. The single audit noted two findings (capital assets and accounting/cash reconciliations); the board accepted the reports and corrective actions were described by staff.
The Creighton School District governing board publicly accepted the district's audited financial reports for the fiscal year ending June 30, 2024. External auditors from Heinfeld, Meech & Co. presented the audit and reported an unmodified audit opinion (commonly described as a "clean" opinion).
Auditor Josh Jumper told the board the audit looked backward to FY2023-24 and included the annual comprehensive financial report (ACFR), the single audit for federal grant expenditures and the Uniform System of Financial Records (USFR) compliance questionnaire. The single-audit schedule of expenditures of federal awards was included in the packet.
The auditors reported two findings in the single-audit report: one related to capital assets and one related to accounting records (cash reconciliations and revenue posting). District staff told the board those items have been addressed in corrective-action steps and that the district had implemented procedures to ensure backups and controls after recent turnover in key positions (finance, procurement, payroll). The auditors said the district has already corrected the items for the next audit cycle and included a corrective action plan in the audit package.
The USFR compliance questionnaire returned 12 "no" responses (noncompliance instances) out of more than 175 questions; the auditor described that count as reasonable for the scale of procedures tested and noted the district's recent staffing turnover contributed to procedural gaps. The board and staff discussed process improvements and cross-training to avoid concentration of knowledge in a single desk.
President Carrillo moved to accept the audit reports in compliance with statute ARS 15-914(h); the board took a roll-call vote and recorded five ayes, no nays. The district indicated it will continue implementing internal controls and training to avoid repeat findings.
The audit materials and corrective-action plan are part of the public audit packet attached to the board meeting materials.
