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WCSD accepted clean audit for FY2025; auditors note restatement for expanded compensated-leave liability
Summary
External auditors issued an unmodified opinion on the Washoe County School District's FY2025 Comprehensive Financial Report; auditors reported a $4.6 million restatement tied to GASB Statement 101 (compensated absences) and no reportable findings; the board accepted the ACFR.
Washoe County School District trustees on Nov. 18 accepted the district's Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2025, after an external presentation by Crowe LLP.
Jeff Jensen, engagement partner for Crowe, said the firm gave an unmodified (clean) opinion on the district's financial statements. Auditors reported no corrected or uncorrected misstatements and no reportable internal-control findings.…
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