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Beauregard Parish auditors issue unmodified opinion; committee hears $8.3M fund increase, post‑retirement deficit remains
Summary
At a Feb. 10 Finance Committee meeting, Langley & Williams reported an unmodified audit opinion for fiscal 2024 and presented detailed figures showing an $8.3 million positive net change in fund balance while a government‑wide post‑retirement liability produced an $87.4 million deficit.
Beauregard Parish School Board Finance Committee members received the fiscal year 2024 audit and financial reports during their Feb. 10 committee meeting at the Central Office. Sarah Werner of Langley and Williams and Company told the committee the firm issued an unmodified opinion and released the audit report on Dec. 31.
Werner said cash at June 30 was $56,800,000, up from the prior year after a $27,000,000 bond issuance and $22,000,000 in capital outlay. Receivables were $5,700,000 (including about $530,000 in FEMA reimbursement receivables); capital assets were $81,000,000; and deferred outflows related to post‑retirement obligations were $35,000,000. On the…
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