Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditor: Mustang Public Schools’ FY24 audit shows no material federal findings, notes GAAP reporting difference
Summary
Independent auditor Chris Gullickson presented the district’s fiscal year 2023–24 audit, reporting an adverse opinion limited to GAAP presentation (district uses state regulatory basis), no internal control findings, an unmodified opinion on major federal programs (child nutrition) and a $168,403 due to/from related to ESSER coding.
Chris Gullickson of Bledsoe, Hewitt & Gullickson presented Mustang Public Schools’ fiscal year 2023–24 audit to the Board of Education and summarized key findings, including an adverse GAAP opinion tied to the district’s regulatory basis of reporting and no material findings on internal control or federal program compliance.
Gullickson told the board the audit included “2 different opinions…an adverse opinion, with respect to GAAP accounting,” because the district prepares financial statements on the state‑prescribed regulatory (cash) basis rather than full GAAP. He added that “this is no different than it's always been for…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
