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County auditor issues clean opinion but flags fund‑balance use and federal timing risks
Summary
External auditors issued an unmodified (clean) opinion on Charles County Public Schools’ financial statements while warning the board that substantial use of fund balance and federal reporting delays tied to an OMB compliance supplement could force late-year rework and strain finances going forward.
External auditors told the Charles County Board of Education on Nov. 4 that they issued an unmodified, or "clean," audit opinion on the school system’s financial statements, but delivered a cautionary message about budget sustainability and federal reporting timelines.
Karen Acton, the district’s chief financial officer, introduced a presentation by auditors from CLA. The auditors said new Governmental Accounting Standards Board guidance and delayed federal compliance materials have made the year’s audit more complex. "We issued an unmodified audit opinion," the CLA presenter said, noting the firm also issued a management-letter comment about payroll accruals.
The audit…
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