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Auditor gives ALBERT LEA PUBLIC SCHOOL DISTRICT a clean opinion; board approves audit
Summary
Smith Schafer issued a "clean, unmodified opinion" on the district's 2025 financial statements; the audit found no compliance or single-audit findings. The board approved the audit and heard slides showing a small general-fund drawdown, enrollment trends and revenue shifts as federal COVID-era aid tapers.
A statewide CPA firm presented the ALBERT LEA PUBLIC SCHOOL DISTRICT’s fiscal report and the school board approved the audit after a brief question-and-answer period.
"Smith Schafer issued a clean, unmodified opinion on the district's financials," auditor Riley Knutson said, summarizing the firm’s conclusion that there were no material misstatements in the financial statements and no findings in Minnesota legal compliance testing. Knutson also reported no findings in the federal single-audit of federally funded programs.
The presentation highlighted enrollment and revenue trends. Average Daily Membership…
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