Audit: District receives unmodified opinion; auditors issue two findings
Summary
Auditors reported a clean (unmodified) opinion for the fiscal year ending 06/30/2025 and issued two findings: firm-prepared financial statements (board responsibility to review) and five audit adjustment entries (improved from 13 last year). The board approved the audit resolution by roll call.
Jeff, the audit partner overseeing the district’s financial‑statement and uniform‑guidance audit, told the Spearfish School District 40‑2 Board that auditors ‘‘just completed the audit of the 06/30/2025 year end’’ and were issuing an unmodified (clean) opinion.
Jeff said the audit included two findings: first, that the audit firm prepared the set of financial statements on the district’s behalf and that it is the board’s responsibility ‘‘to read, understand, and ask questions’’; second, an audit‑adjustments finding that included five entries for comparative purposes (down from 13 the prior year).
The board moved to approve an audit resolution and conducted a roll‑call affirmation. Several board members' affirmative responses were recorded by name during the roll call, and the resolution passed.
Board members asked no substantive follow‑up questions in the public meeting after the presentation; Jeff offered to answer additional questions if needed.
The board’s action: a motion to approve the audit‑related resolution carried on the recorded affirmation.
What happens next: the district will retain the audit documentation and staff indicated the board should review the prepared financial statements and raise any questions with the auditor or administration.
