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Cloquet School Board accepts FY24–25 financial audit, auditors report clean opinion
Summary
Auditors told the Cloquet School Board their fiscal‑year 2024–25 financial statements received a clean opinion with no internal control findings. Trustees approved the audit by voice vote during the Nov. 24 regular meeting.
Luke Graydon, principal at audit firm CLA, told the Cloquet Public School District board on Nov. 24 that auditors are issuing a clean opinion on the district’s 2024–25 financial statements and found no reportable internal‑control or legal compliance issues. Graydon said a change in accounting for compensated absences required disclosure adjustments on government‑wide statements but did not affect fund‑level results.
Graydon also told…
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