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Mahtomedi auditors issue clean opinion but note segregation-of-duties finding, two timeliness compliance issues
Summary
External auditor Jim Eichton presented an unmodified (clean) opinion on the districts financial statements for year ended June 30, 2024, but cited a reportable item for lack of segregation of duties and two Minnesota legal-compliance findings for untimely withholding affidavits and unclaimed property reporting.
The Mahtomedi Public School District board accepted the independent auditors report for the fiscal year ended June 30, 2024, after Jim Eichton of MMKR/LB Carlson CPAs presented the results and findings.
Eichton told the board auditors issued an unmodified opinion on the districts comprehensive annual financial report and a clean opinion on the Schedule of Expenditures of Federal Awards. "It is a clean opinion, really the opinion you were looking for," he said.
Nut graf: While the financial statements received a clean audit opinion, the auditor reported a reportable item (significant deficiency) for lack of segregation of…
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