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Independent auditors issue unmodified opinion on FY25 financial statements; one internal control finding noted
Summary
Auditors reported an unmodified opinion on the district's FY25 financial statements and single audit, highlighted a recurring internal-control finding (lack of segregation of duties), and reviewed enrollment declines, a $100,000 actual surplus versus a projected $935,000 spend-down, and fund balance levels below state averages.
Joseph Welch introduced himself and presented the FY25 independent auditors' report. He said auditors "issued another unmodified opinion on the financial statements," which indicates the statements were presented fairly in all material respects. He also reported an internal-control finding that the district has had previously: a lack of segregation of accounting duties.
Welch summarized the single-audit results for federal programs after the district exceeded the $750,000…
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