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Independent auditors give Clark County School District a clean opinion, identify $109M understatement and $2.3M timing error
Summary
Eide Bailly issued an unmodified opinion on CCSD’s FY2025 financial statements but reported two internal control matters: a material weakness from a $109 million understatement of construction-in-progress and a significant deficiency from $2.3 million of payroll costs recorded in the wrong fiscal year. Trustees accepted the auditor narrative and a
An independent audit of the Clark County School District for the year ending June 30, 2025, produced an unmodified (clean) opinion, the district’s chief financial officer said Thursday. Justin Dayhoff, CCSD chief financial officer, introduced partner Kurt Schlicher of Eide Bailly, who summarized the results and flagged two internal control matters that the district corrected in the financial statements.
Kurt Schlicher said auditors issued an "unmodified opinion," meaning the financial statements are materially accurate within reasonable assurance. He described an "emphasis of matter" noting the district changed its accounting policy for prepaid items this year.
The auditors reported two matters that they considered important to communicate beyond management. Finding 2025‑001 was classified as a material weakness after auditors identified that…
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