External auditors give Fort Zumwalt R-II an unmodified FY24 opinion; one timing misstatement noted
Summary
External auditor Nick Toretto told the board the FY24 audit produced unmodified (clean) opinions across required reports, no material weaknesses or fraud were found, and auditors noted one uncorrected misstatement related to payroll timing.
Nick Toretto, the senior in charge for the district audit, told the board the auditors issued unmodified opinions on the financial statements and related required reports for FY24.
"We had another clean audit," Toretto said, and he explained the audit tested two major federal programs this year — the special education cluster and ESSER funds — and found no noncompliance with federal awards.
Toretto said the audit identified one uncorrected misstatement related to the timing of subsequent payroll payments; he described the issue as a timing matter that is consistently applied across districts and said it required no corrective action by the district. He also said the audit found "no material weaknesses or significant deficiencies," "no fraud or illegal activities identified," and "no disagreements with management."
CFO Brian Whittle introduced the engagement and said the district will submit the financial statements to the state as required. Board members asked for the usual required communications; the auditor responded with the areas tested and the district's risk approach.
The presentation did not result in additional board action; the audit report and required signatures were included in the meeting materials.
