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External auditors give Timberlane clean opinion; warn on cybersecurity and policy review
Summary
Auditor Michael Campos of Flotzikus Anderson delivered the district's 2024 audit: a clean opinion with no material findings or federal-award findings, plus a recommendation for stronger cybersecurity practices and periodic review of financial policies.
Flotzikus Anderson partner Michael Campos presented the Timberlane Regional School District’s 2024 audit at the board’s February 20 meeting and delivered a clean opinion on the district’s financial statements.
“In our opinion, the accompanying financial statements present fairly in all material respects the financial position of…” Campos said, summarizing the firm’s conclusion that users can rely on the financial statements. Campos told the board the audit found no financial-statement findings and no federal-award findings in the single-audit component required because of federal-award thresholds.
Why it matters: A clean audit opinion signals that the district’s 2024 financial statements are free of material misstatement in the auditor’s judgment. Board members asked for guidance on interpreting an unusually large surplus;…
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