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Cheltenham finance committee hears 2023–24 audit; auditor reports clean opinion and outlines fund-balance assignments
Summary
The district's independent auditor told the finance committee the 2023–24 financial statements received an unmodified (clean) opinion, the district recorded a $1.5 million net increase to general fund balance and staff recommended assigning one-time revenues to capital rather than relying on them for operations.
At a meeting of the Cheltenham School District finance committee, Carl Hogan, lead auditor from Clifton Larson Allen, presented the district's independent audit for the year ended June 30, 2024, and said the firm issued an unmodified, clean audit opinion.
"We have an unmodified clean audit opinion consistent with what was being reported to you during 2023, 2024," Hogan said. He told the committee there were no material weaknesses or significant deficiencies in the audited financial statements and no reportable noncompliance in the audit of those statements.
Hogan reviewed required supplementary information and the budgetary…
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