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Auditor gives Belleville Public School District a clean FY2024 opinion, flags three procedural recommendations
Summary
Independent auditor reported unmodified ("clean") opinions on the district's financial statements and grant compliance for the year ended June 30, 2024, and listed three non-repeating recommendations on sick-pay procedures, capital-lease refinancing limits and cooperative purchasing documentation.
The Belleville Board of Education heard a presentation of the district's fiscal year 2024 audit at its Feb. 24 meeting. The district's auditor delivered an unmodified opinion on the financial statements and on compliance with federal and state grants, meaning the auditor found the statements "fairly stated" and grants were administered in compliance in all material respects.
"Our opinion on the financial statement was unmodified. Unmodified means a clean opinion," the auditor said during the presentation. He told the board the audit found no material weaknesses and no significant deficiencies in internal control.
The auditor reviewed the district's fund balances and reserves, reporting that the district ended the year with total fund balance of about $9.96 million, essentially unchanged from the prior year. Key items the auditor highlighted included:
- Capital reserve: $4,998,698 (an increase of roughly $921,000). The auditor noted those funds were set aside by board resolution and are restricted to capital projects in the long-range facilities plan.
- Maintenance reserve: $1,533,265 (a…
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