Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Clay County auditor issues clean opinion but flags recurring internal-account control failures
Summary
An auditor reported a clean (unmodified) opinion for Clay County's internal accounts but identified recurring control weaknesses across schools: fundraisers that start before approval, untimely cash deposits, and missing support documentation; management plans manual updates, training and ERP-based controls.
Pervis Gray, presenting the internal accounts audit for the Clay County District School Board on Nov. 20, said "in our opinion, the financial statements in all material respects are fairly presented," describing the engagement as an unmodified (clean) opinion for year ending June 30, 2025.
Gray told the committee the audit shows $3,100,000 held as cash with financial institutions and roughly $1,700,000 invested in Florida Prime as cash equivalents. Internal-accounts revenue was about $11,000,000, up roughly 6 percent from the prior year; three high schools recorded revenue increases of more than $100,000, the auditor said.
Despite the clean opinion on the financial statements, Gray highlighted three recurring internal-account control issues that the district must address. First, multiple schools ran fundraisers before obtaining the required approvals or…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
