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Independent auditors issue clean opinion for Adams 12s FY2025 financial statements; single-audit work continues
Summary
External auditors issued an unmodified (clean) opinion on the districts FY2025 financial statements and reported no material weaknesses; single-audit procedures over $33 million in federal awards remain in process with one program still being finalized.
John Paul Escivalia, the presenting auditor, told the Finance & Audit Committee that the district received an unmodified (clean) opinion on the fiscal year 2025 audit, meaning auditors found the financial statements to be materially correct after audit procedures.
"We were able to issue an unmodified or clean audit opinion for the fiscal year 2025 audit," John Paul said. He noted the audit includes separate components: the general financial-statement audit (already submitted to the…
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