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Southgate Community Schools receives clean audit; USDA guidance flags food-service fund balance
Summary
Auditors presented the June 2025 audit to the Southgate Community School District board on Oct. 28, saying they issued an unmodified (clean) opinion, noted a USDA-related management comment about the food-service fund balance, and are holding the single-audit report until a federal compliance supplement is finalized.
At the Oct. 28, 2025 regular meeting of the Southgate Community School District Board, auditor Daniel Clark presented the district's June 2025 financial audit and said the district received an unmodified, or "clean," opinion.
"Happy to state that the district did receive what we call an unmodified or a clean opinion," Clark said, adding that auditors found no material misstatements or material weaknesses in the financial statements.
Clark walked the board through several technical items that affected June'year results. He said a Governmental Accounting Standards Board pronouncement related to compensated absences (accrued sick, vacation and comp time) required an entity-wide beginning-balance adjustment that increased liabilities by about $4.5 million. Clark called…
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