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Independent audit delivers three clean opinions; GASB change reduces fund balance by about $1.4M
Summary
Boyer Ritter presented unmodified opinions on the district's financial statements, compliance and major federal program (Title I). Auditors flagged implementation of GASB guidance on compensated absences, increasing the reported liability and decreasing fund balance by roughly $1.4 million; no material weaknesses or noncompliance were identified.
Tina Geip of Boyer Ritter presented the district’s annual financial audit and reported three clean (unmodified) opinions: the financial-statement audit, the internal-control/compliance audit and the single-audit opinion for the major federal program tested (Title I).
Geip said the district’s federal expenditures were about $5.6 million this past year and that Title I — tested as the major program — comprised approximately $1.2…
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