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Auditors give Brea Olinda Unified a clean opinion on 2023–24 finances; board accepts report
Summary
CliftonLarsonAllen issued an unmodified opinion on Brea Olinda Unified’s 2023–24 financial statements and federal program compliance, noting only minor non‑material adjustments; the board accepted the audit by vote.
CliftonLarsonAllen presented the Brea Olinda Unified School District’s 2023–24 audited financial statements and issued an unmodified (clean) opinion on the district’s financial statements and an unmodified compliance opinion for tested federal programs, including the special‑education cluster. The auditors said they found no material misstatements and no audit adjustments that affected the reported totals.
Gemma Pashinski of CliftonLarsonAllen told the board the audit was risk‑based and focused on key areas such as revenue recognition, payroll and disbursements. Auditors reported two limited state‑program findings related to continuation education reporting and school accountability report card (SARC) data transfers; the district and auditors said both items are in the process of resolution and are not material to the financial statements. Auditors also noted a minor LCFF accrual reversal and a year‑end county cash fair‑market value adjustment that will clear in next year’s accounting.
The presentation covered compliance testing for federal programs, where auditors reported an unmodified opinion and noted that suspension‑and‑debarment language issues from a prior year had been resolved. The auditors described ongoing testing of new programs such as Proposition 28 (arts and music) and the Expanded Learning Opportunities Program, which will continue in future audits.
Board members thanked district staff and auditors for a transparent process. The board voted to accept the 2023–24 audited financial statements and governance letter (motion by Trustee Covey; second by Trustee Becerra). The motion passed unanimously, 5‑0.
The district noted that auditors will provide a written governance letter and that staff will follow up on the limited findings and any technical adjustments in next year’s closing procedures.
