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Auditors tell Cloquet board federal shutdown forces split of district audit; financial statements to be issued first
Summary
Auditors told the Cloquet school board that a federal government shutdown delayed a form needed to complete the district’s federal 'single audit,' prompting the auditor to split the financial statement audit (to be issued by December) from the single audit (extended to March 31, 2026).
The Cloquet Public School District was told on Oct. 27 that a federal government shutdown has delayed a form required to complete its federal single audit, forcing auditors to issue the district’s financial statement audit separately and before the single audit.
Luke Graden, a principal at audit firm CLA, told the board the district must complete a federal single audit because it receives more than $750,000 in federal funds. "We need that document in order to issue any single audit," Graden said, adding that Minnesota’s Department of Education has extended the single-audit…
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