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District audit finds unqualified opinion; general fund balance down $4.4 million from prior year
Summary
District financial statements received an unqualified (clean) audit opinion. Staff told the board the general fund balance was $13 million, $4.4 million lower than June 30, 2023; staff warned the district is on track to fall below its board reserve policy by the end of the fiscal year.
The district's audited financial statements for the year ended June 30, 2024, received an unqualified (clean) opinion, district staff reported at the Jan. 27 meeting.
Staff presenting the audit said the auditors also issued unqualified opinions on compliance testing related to federal and state revenues. The presentation noted one overexpenditure in the grants fund in the instruction category; staff flagged this as a compliance…
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