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Spartanburg School District 1 audit: independent firm issues clean opinion; fund balance up
Summary
An independent audit for fiscal year 2024 issued an unmodified ("clean") opinion and found no material weaknesses or noncompliance. Auditors highlighted a roughly $20 million general‑fund balance, required single‑audit testing of federal programs and upcoming GASB changes.
An independent audit of Spartanburg School District 1 for the fiscal year ending June 30, 2024, returned a clean opinion, the district heard during its special call meeting.
Brian Nicholson of Mauldin & Jenkins told the board the firm “did issue an unmodified opinion or a fancy accounting word for clean opinion,” and reported no material weaknesses, significant deficiencies or instances of noncompliance uncovered during the audit. The audit team said it performed single‑audit testing because…
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