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Ouachita Parish schools receive clean audit; district notes federal grant tapering, keeps AA- bond rating
Summary
Independent auditors issued an unmodified opinion on the Ouachita Parish School Board's financial statements for the year ended June 30, 2024; the board discussed fund balances, federal grant revenues that are winding down and a retained AA- bond rating from S&P.
The Ouachita Parish School Board heard an audit presentation February 11 showing an unmodified ("clean") opinion on the district's June 30, 2024, financial statements and no findings in the single-audit of federal programs.
The summary auditor said the district received a clean opinion and the single-audit reported no findings. Marjorie Williamson of Allen Green and Williamson, CPAs, told the board, "we did issue an unmodified or clean opinion on the financial statements, which that's the best opinion you can get." The audit covered financial statements on a full-accrual basis and included federal-compliance testing of the education stabilization program.
The audit presentation highlighted several operating figures the board discussed: general-fund revenue for 2024 was $159,700,000 and general-fund expenditures were $162.8 million, yielding an overall increase in the general fund of $405,000 for the year. The district's ending general-fund balance was $22,600,000;…
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