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Auditor reports four repeat findings; board debates, then advances motion for forensic audit amid debate on scope and cost
Summary
External auditors issued a mostly clean FY2024 opinion but flagged four repeat findings and a qualified opinion on the school nutrition fund; a board member moved for an independent forensic audit covering multiple years, prompting debate over need, scope and a potential six-figure cost. The board also learned incoming tax and grant receipts eliminated the need for a planned TAN.
The Clayton County Board of Education received its FY2024 audit presentation on Nov. 18, when external auditor Meredith Lipson of Moulton & Jenkins told the board the district received an unmodified (clean) opinion on most financial statements but a qualified opinion on the school nutrition fund tied to an unresolved FY2023 inventory reconciliation.
Lipson said the district’s government-wide net position was about $420 million at June 30, 2024, and that net pension and OPEB liabilities totaled roughly $819 million. She reported a decrease in net position of about $11 million for the year, driven largely by higher-than-anticipated salary spending. General fund expenditures for the year were about $352.9 million versus a budget near $318 million.
Why it matters: Lipson told trustees that, while most statements were clean, four…
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