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Auditor gives Canyon City Schools a clean opinion; cash drawdown tied to capital projects
Summary
An external audit found Canyon City Schools’ financial statements presented fairly with an unmodified opinion; cash fell about $14 million while capital assets rose ~$25 million and auditors reported no material internal-control weaknesses or single-audit findings for Title I/II.
Chris, an external auditor, told the board the district's financial statements are presented fairly in all material respects and the firm issued an unmodified (clean) opinion after fieldwork performed in October. He said overall cash decreased by about $14,000,000 year over year while capital assets net increased by about $25,000,000, a pattern the auditors attributed primarily to ongoing capital projects.
Chris summarized fund-level movements: the general fund's…
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