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Independent audit issues clean opinion for district finances but flags two internal‑control findings
Summary
External auditors issued an unmodified (clean) opinion on the St. Cloud area schools' FY2024–25 financial statements but reported two internal‑control findings—an unrecorded interest receivable that required a prior‑period adjustment and continued lack of segregation of accounting duties; the board approved the audit reports.
External auditors from Bergen KV presented the district’s FY2024–25 financial audit and issued a clean, unmodified opinion on the financial statements while identifying two internal‑control concerns.
Nancy Scholzenberg of Bergen KV told trustees the auditors “are issuing an unmodified opinion again this year,” meaning the firm believes the financial statements are fairly…
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