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Fridley auditors issue clean opinion; board hears controls and fund-balance concerns
Summary
Independent auditors gave Fridley Public School District an unmodified opinion on its 2024 financial statements but reported a lack of segregation of duties and a $2.3 million decline in the general fund balance; the board approved the audit report.
An independent audit firm presented the Fridley Public School District’s fiscal 2024 audit and issued an unmodified opinion, indicating that the district’s financial statements “present fairly in all material respects,” the auditor told the school board.
The auditor warned the board about one internal-control finding: limited staff in the finance office has led to overlapping duties, increasing the risk that errors or irregularities could go undetected. “We recommend that you remain aware of the situation and be diligent in the reviews that you are doing,” the auditor said, noting monthly…
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