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Lake Norman Charter auditor issues unmodified opinion on 2023–24 financials; cash position, debt noted
Summary
External auditor Potter & Company issued an unmodified (clean) opinion on Lake Norman Charter—s basic financial statements for the year ended June 30, 2024, reporting higher cash and an increase in fund balance; board heard details on federal/state compliance and existing bond debt.
Lake Norman Charter received a clean audit for the 2023-24 fiscal year, the board heard, after Potter & Company presented an unmodified opinion on the school—s basic financial statements and separate unmodified federal and state compliance reports.
"We have issued an unmodified audit opinion" said Eric Smith of Potter & Company, summarizing the bound audit report the board received. Smith told the board the firm also found no instances of noncompliance…
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