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Auditors give Sweet Home SD 55 a clean opinion; board hears budget and PERS pressures
Summary
External auditors reported an unmodified (clean) opinion on Sweet Home SD 55’s financial statements and student activity funds; staff told the board rising PERS costs and investment performance explain a $932,000 year‑to‑date increase in general fund spending and drove questions about travel and professional development expenditures.
Auditors told the Sweet Home School District 55 board on Feb. 27 that they issued an unmodified, or "clean," opinion on the district's annual financial statements and student activity funds.
The report, summarized in packet item 7a, found no material weaknesses or significant deficiencies. "The auditors issued an unmodified opinion on the district's financial report and the student activity funds financial report," an auditor told the board during the meeting. Auditors said they found no exceptions in federal-grant compliance testing and did not prepare a management letter because there were no material weaknesses…
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