Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditors report unmodified opinions and material weaknesses; District cites staffing turnover and capital projects
Summary
Auditors told the Rapid City Area School District 51-4 board they issued unmodified opinions for fiscal years 2022 and 2023 but identified material weaknesses in internal controls and late filings with the Federal Audit Clearinghouse; auditors also highlighted large capital inflows tied to the South Middle School project.
Devin Pfaff, a partner at KC Peterson and Associates, told the Rapid City Area School District 51-4 board on Thursday that auditors issued unmodified opinions on the district's 2022 and 2023 financial statements but reported material weaknesses in internal controls and late filings with the Federal Audit Clearinghouse for 2022 and 2023.
'The 2022 financial statement audit, we issued unmodified opinions,' Pfaff said, adding that the audit team proposed 25 adjustments and reported two material weaknesses related to account reconciliations and drafting of financial statements. For 2023, auditors again issued unmodified opinions but recorded 24 adjustments and similar…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
