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Morgan County School District audit earns unmodified opinion; board hears fund and capital updates
Summary
Independent auditors issued an unmodified opinion on Morgan County School District's audit and compliance reports; administrators told the board one-time grants and interest explain a $4.8 million general-fund increase and reported a $5 million loan for capital projects.
Independent auditors told the Morgan County School Board the district received an unmodified opinion on its financial statements and no significant compliance findings. "The district received an unmodified opinion," the auditor said while explaining the firm's testing and sampling procedures.
The audit presentation, introduced by Business Administrator Scott and delivered by the independent auditor (James), noted the…
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