Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ketchikan school board accepts FY24–25 audit; auditors flag $5.4M due-to-borough balance and student-activities deficiency
Summary
Altman Rogers & Company gave the Ketchikan Gateway Borough School District an unmodified (clean) opinion for FY24–25 but noted a $5.4 million balance due to the borough, new GASB accounting for sick leave, and a significant deficiency in internal control over student activities. The board voted 6–0 to accept the audit.
The Ketchikan Gateway Borough School District Board of Education voted 6–0 Wednesday to accept the district’s FY24–25 independent financial audit, after auditors described a clean opinion but flagged several issues for the board’s attention.
Grant Todd of Altman Rogers & Company told the board the firm issued an unmodified opinion on the district’s financial statements for the year ended June 30, 2025, meaning “the financial statements referred to above present fairly, in all material respects, the respective financial position of the district as of 06/30/2025.” Todd said the opinion is the best auditors can give and that the presentation addressed to the board reflected final numbers.
The audit shows a district-wide deficit in net position of…
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
