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Baltimore City Schools audit returns unmodified opinion; auditors flag cash reconciliation and IT upgrades
Summary
CliftonLarsonAllen told the school board that Baltimore City Public Schools received an unmodified (clean) opinion for FY2024 financial statements but noted one cash-reconciliation item and IT systems that have reached end-of-life; federal single-audit testing is still in process.
CliftonLarsonAllen presented an unmodified (clean) opinion on Baltimore City Public Schools’ fiscal 2024 financial statements during the Dec. 10 board meeting, the highest level of assurance auditors can provide. The firm said its review followed generally accepted auditing standards and focused on risk areas such as revenue recognition, significant estimates and internal controls.
The audit team told the board there were no material weaknesses in the financial statements and no corrected or uncorrected…
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