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Board accepts auditor’s report, approves fiscal year 2025 audit
Summary
External auditors presented a draft audit and recommended an unmodified (clean) opinion. The board voted to approve the FY25 audit during the Oct. 16 meeting.
Miller Cooper audit partner John Epperson presented the district’s fiscal year 2025 audit to the board on Oct. 16 and told trustees the firm was prepared to issue an unmodified, or clean, opinion.
Epperson described the 114‑page financial report, highlighted the management’s discussion and analysis, and noted a new GASB accounting standard that increased a liability estimate related to compensated absences by about $5.6 million. He said the audit team found no control deficiencies that required a separate letter and reported no uncorrected misstatements.
"As of now, we're prepared to issue a clean opinion," Epperson said to the board.
After the presentation the board moved and seconded a motion to approve the fiscal year 2025 audit. The board voted unanimously to adopt the audit.
Why it matters: A clean audit signals the auditors found the district’s financial statements to be materially correct on a government‑wide basis and reported no significant internal control weaknesses that require disclosure. The audit includes supplemental schedules, footnotes on pension and other post‑employment benefit estimates, and standard recommendations about IT security vigilance.
Formal action recorded: the board voted to approve the fiscal year 2025 audit during the meeting.
