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Auditors give Big Lake schools an unmodified opinion; board warned of $2.1M projected deficit
Summary
Auditors presented an unmodified opinion on the district's 2025 financial statements and noted a mid-level internal-control finding; district staff reported a fall budget revision showing a projected $2.1 million deficit driven by enrollment declines and capital spending. The board approved the auditors' report by voice vote.
The Big Lake Public School District on Nov. 12 received an unmodified audit opinion and a fall budget update that showed the district is planning to run a roughly $2.1 million deficit.
Mark, the audit presenter, told the board that "the opinion we're providing is an unmodified opinion," meaning the auditors believe the district's financial statements for the year ended June 2025 are fairly stated in all material respects. He also reported one internal-control item—"lack of segregation in accounting duties"—which he described as an inherent staffing-related risk mitigated by compensating controls. The auditors noted federal single-audit testing remains preliminary while the federal compliance supplement is pending.
District finance staff summarized the…
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