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Auditor says draft 'unmodified' opinion likely but final report delayed by OMB compliance supplement timing
Summary
The district’s auditors reported a draft clean opinion for the fiscal year ending 06/30/2025 but said final issuance is delayed pending the federal OMB compliance supplement and the S.C. Department of Education guidance; key figures included a total fund balance near $49.6 million and general-fund expenditures of about $180.5 million.
District auditors presented the year-ending June 30, 2025 financial review at the Nov. 17 board meeting and described the audit as in draft pending federal and state compliance guidance.
David Phillips, the presenting auditor, said the federal OMB compliance supplement — delayed earlier by a federal shutdown — and the S.C. Department of Education’s annual audit guide are needed before issuing a final report. He said the firm is using draft guidance and expects the report to remain ‘‘unmodified’’ (a clean opinion) unless the supplement requires material changes.
Phill…
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