District audit finds clean opinion but flags deficiencies in reconciliations and payroll
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Summary
Baker Tilly manager Taryn Bruce told the CHSD 94 board the 2025 fiscal audit received an unmodified (clean) opinion but auditors identified two interrelated significant deficiencies in bank reconciliations and payroll liabilities; the single-audit issuance is delayed pending an OMB compliance supplement update.
Taryn Bruce, manager on the district's 2025 audit for Baker Tilly, told the Community High School District 94 Board of Education that auditors issued an unmodified opinion on the district’s modified-accrual financial statements and found the financial statements to be fairly presented in all material respects. "We issued an unmodified opinion over the district's modified accrual basis financial statements," Bruce said.
Bruce explained the district transitioned this year from a modified cash basis to a modified accrual basis, which added receivables, payables and long-term liabilities (pension and OPEB items) to the financial statements. She said total fund balances increased by just over $2,000,000 and noted positive general-fund results and an operating surplus.
On internal-control matters, Bruce said the auditors found no material weaknesses or instances of reportable noncompliance but did identify two interrelated significant deficiencies involving bank reconciliations and payroll liabilities. "We did note 2 significant deficiencies which were interrelated, bank reconciliations and then the payroll liabilities," she said, and added district staff are already working with their financial system (Skyward) to remedy differences.
Bruce also told the board the district’s single-audit letter could not be issued immediately because of a delay in the issuance of the federal compliance supplement by the Office of Management and Budget. She said auditors have completed testing and do not anticipate missing the typical March 31 audit deadline.
The board received the presentation, and Bruce said the audit results letter and related materials would be available to board members and on the district’s financial portals for further review.