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Auditors present draft with clean opinion; isolated procurement and time-and-effort findings noted
Summary
External auditors told trustees the district's draft financial statements carry an unmodified (clean) opinion but include isolated findings: two vehicle purchases lacked required bids (~$113,000) and time-and-effort documentation issues in federal programs (Head Start and child nutrition). Corrective actions and training were described.
Representatives from BSGM presented a draft single-audit with an unmodified opinion on Lubbock ISD's basic financial statements, while noting a small number of isolated compliance findings and adjusting journal entries.
"We have an independent auditors report ... there's an unmodified clean opinion on the basic financial statements and the notes…
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