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Auditor gives East Grand Forks Public School District a clean opinion; fund balance falls and school-readiness fund shows a deficit
Summary
District auditor issued an unmodified opinion on the financial statements and described a decrease in the district's liquidity: general fund unassigned balance is about $3.0 million (10.65% of expenditures), net position "a little bit over $19,000,000," and school-readiness fund carries a roughly $592,000 deficit that the auditor advised addressing over time.
The district's independent auditor told the East Grand Forks Public School District board that auditors had issued an unmodified opinion on the district's financial statements and found no reportable compliance findings.
"We've issued an unmodified opinion on the financial statements," the auditor said, summarizing the audit and adding that management is responsible for the numbers in the statements and footnotes.
The auditor walked the board through key pages of the report. The district's net position was described as "a little bit over $19,000,000," a figure that includes fixed…
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