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Auditor gives Asheville City Schools a clean opinion; board accepts 2024 audit unanimously
Summary
External auditors reported an unmodified opinion for Asheville City Schools’ 2024 financial statements; the board accepted the audit and auditors noted no reportable findings for federal or state awards.
Auditors from Anderson, Smith and Wike presented the Asheville City Schools’ 2024 audit to the board and reported an unmodified (clean) opinion. The lead auditor, Tyler Barweis, told the board there were no findings for financial statements, federal awards, or state awards, no significant accounting estimate issues, and no misstatements identified during the audit process.
Barweis highlighted that the finance team prepared materials in an organized fashion and that the district did not overspend its budget or approved amendments during the fiscal year. He reviewed general fund balance trends and child nutrition cash position in his presentation and cautioned that some federal ESSER funds are winding down and require purchase orders and checks to be issued by specified deadlines. The auditor recommended using one-time funds for one-time expenditures and not budgeting recurring costs using expiring federal funds.
The board thanked the finance staff for their work. The board then voted to accept the audit; the acceptance was unanimous. Board members asked staff to bring further budget context and details at the January retreat so the board can review fund balance and revenue projections in light of expiring federal funds.
The auditor’s full report and supporting schedules will be published to district records and provided to board members; the finance director indicated the materials would be reviewed further during the January retreat.
