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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 presented. She said the audit identified two internal‑control findings: (1) an interest receivable in the building‑construction fund that was not recorded in the prior year, requiring a prior‑period adjustment, which the auditors characterized as a material weakness; and (2) an ongoing lack of segregation of accounting duties in day‑to‑day operations.
Scholzenberg said the auditors did not note any noncompliance in their compliance testing, and that they completed testing of two federal programs and anticipate an unmodified compliance opinion on those programs as well. She summarized changes in the district’s revenue and expenditures, noting federal pandemic‑related funds declined in 2025 and that expenditures rose mainly because of salary and benefit increases.
After the presentation, the board moved and approved the audit reports by roll call. Chair thanked the auditors for their work and for answering questions during the meeting.
What happens next: Audit communications and required letters will be issued, and administration will implement or monitor corrective actions for the internal‑control findings.
