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Laguna Beach Unified accepts clean audit; staff flag declining ADA and long‑term liabilities
Summary
The school board accepted an unmodified audit for fiscal year ending June 30, 2024, heard monthly financial and developer‑fee reports and discussed long‑term liabilities and declining average daily attendance. The board voted to accept the audit unanimously.
The Laguna Beach Unified School District board unanimously accepted the district's independent audit for the year ended June 30, 2024, after an overview from the district's auditor.
Bobby Patel, identified in the transcript as the auditor presenting the report, told the board the district received unmodified opinions on its financial statements, federal awards and state awards and that auditors found no material weaknesses or significant deficiencies. Patel said the audit uses a risk‑based approach and noted the firm's testing…
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