Auditor briefs Mahomet‑Seymour board: draft audit clean, single audit findings none

Sandy Perry, audit director with CLA in Champaign, presented a draft of the district's 2025 audit to the Mahomet‑Seymour Board of Education on Dec. 15 and told trustees the firm plans to issue the report once a legal confirmation letter from the district's attorneys arrives.

Perry said CLA used a risk‑based approach and focused testing on high‑risk areas such as payroll, cash, capital assets and federal programs. CLA reported a clean regulatory‑basis opinion and said it issued no findings on major federal programs tested, including the IDEA special‑education cluster. Perry noted one financial statement finding related to preparation of the annual financial report and said that the district's IMRF fund showed a negative change in fund balance during the year.

Perry also told the board that bank confirmations showed a portion of the district's demand deposits were not fully insured or collateralized at year end; she said auditors communicate those matters to management and encouraged the business office to verify collateralization with the banks. "So you just have to make sure that your bank is getting the right collateralization balances," Perry said.

Why it matters: A clean opinion on the regulatory basis and no uniform guidance findings on major federal programs indicate CLA did not identify material noncompliance in the audited areas, but the outstanding legal letter must be received before formal issuance. The board approved receipt of the draft audit pending that legal letter.

What's next: CLA will finalize the audit after the legal confirmation and the federal compliance supplement is finalized; the board moved to accept the audit pending receipt of the final legal letter.