Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
External audit gives WJCC unmodified opinion; GASB 101 restatement ~$10.5M
Summary
Cherry Beckert auditors presented unmodified opinions on WJCC financial statements for year ended 6/30/2025, reported no material weaknesses or fraud, and said implementation of GASB 101 required a beginning-balance restatement of about $10,500,000.
Cherry Beckert auditors told the Williamsburg-James City County School Board that the division’s fiscal-year 2025 financial statements received unmodified opinions and that auditors found no material weaknesses or indications of fraud.
Zach LaMorta, audit manager with Cherry Beckert, said both the district financial statements and school activity fund reports were issued with the strongest…
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
