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Independent auditor gives Wilson County Schools a clean opinion; fund-balance strong but federal COVID funds temporary
Summary
Auditor Anderson, Smith & Wyke presented a clean (unmodified) opinion on the district's June 30, 2024 financial statements and reviewed fund-balance composition, noting a high fund balance driven in part by temporary federal education stabilization funds.
An independent audit presented to the Wilson County Board of Education on Dec. 9 found the district's June 30, 2024 financial statements to be accurate and issued a clean (unmodified) opinion.
Adam Saperick, a partner with Anderson, Smith & Wyke, told the board the audit opinion indicates the financial statements "accurately reflect the net position and the fund balance for Wilson County Schools as of June 30, 2024." He described it as a "clean, unmodified opinion letter."
Saperick said the district's general fund balance was $16,538,000 and emphasized that "fund balance is the most important numbers within the statements," because it represents resources available for future budgets. Within that total, the auditor…
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