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Auditor gives Chisago Lakes a clean FY2025 opinion; general fund balance rises to about 7%
Summary
External auditor Abdo reported an unmodified (clean) opinion on the district’s FY2025 financial statements, noted a modified single-audit finding for the child nutrition cluster, and said the general fund balance rose by about $3.3 million to roughly 7.06% of expenditures, within board policy.
John Stachel, supervisor with audit firm Abdo, presented the fiscal-year 2025 financial-statement audit and told the board the district received an unmodified (clean) opinion: “we did issue the district unmodified opinion, or you might think of that as a clean audit opinion.”
Stachel said the audit was performed in accordance with generally accepted government auditing standards and included testing of internal controls and Minnesota legal compliance; he reported the auditors found no instances of legal noncompliance in the areas they…
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