The Green River Schools Board of Trustees voted unanimously to accept the district’s audited financial statements for the 2024–25 fiscal year after a presentation by Mike Burton of The Goring Company.

Burton told trustees the audit team “expressed an unmodified opinion on the financial statements,” and that the single-audit of federal programs (including Title I) also received an unmodified compliance opinion. He said auditors did not identify any material weaknesses but did report two significant deficiencies.

“The first finding relates to not having a complete segregation of duties,” Burton said, noting that the district’s small finance staff makes it difficult to fully separate review and approval responsibilities. “This is not a finding on Katie, Ashley, or the staff. It’s just a result of staff size,” he told the board.

The second finding concerns the district’s accounting basis. Burton explained that the district operates primarily on a cash basis, while audited financial statements must be reported on a full-accrual basis under current Governmental Accounting Standards Board (GASB) guidance. He said converting to full accrual “is really not feasible for business managers” without additional resources or contractor assistance, and that some districts contract the work to remove the finding.

Trustees asked whether the findings carried state or federal penalties; Burton said they do not. “There’s no impact in regards to federal stuff,” he said, characterizing the accrual finding as a disclosure the auditors are required to report rather than an indicator of fraud or noncompliance.

Board members thanked central office staff for their work on the audit. The board then moved and approved a motion to accept the audited financial statements for 2024–25.

The audit presentation also reaffirmed that Title I was the major federal program reviewed and that the district qualified as a low-risk auditee because it has not had federal audit findings in the prior two years.