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Auditors give Flint an unmodified opinion but flag material weaknesses; ESSER spending reviewed
Summary
Stevenson & Company presented an unmodified financial opinion for the district but reported three material weaknesses (material proposed audit entries, bank reconciliation delays and duplicate payments) and two single‑audit findings related to federal grants; auditors also confirmed full spending of ESSER III funds.
Stevenson & Company presented the Flint School District's fiscal year audit and issued an unmodified opinion, while calling out several areas needing improved internal control and month‑end discipline.
Auditor Cindy Scott told the board the consolidated, government‑wide statements are free of material misstatement and highlighted key balances: a net pension liability (approx. $37.7 million) and a net OPEB asset (approx. $6.26 million). The audit showed the district's consolidated position reflects significant capital investments and a decrease in cash driven by construction activity.
The…
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