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FNSBSD audit: auditors issue unmodified opinion; board approves FY2024–25 financial statements
Summary
External auditors issued an unmodified opinion on the Fairbanks North Star Borough School District's FY2024–25 financial statements and federal/state programs; board discussion focused on GASB 101 impacts and deficits in transportation and nutrition funds, and the board voted to approve the audit.
Auditors from Altman Rogers presented the Fairbanks North Star Borough School District's fiscal year 2024–25 financial statement audit on Feb. 17 and reported unmodified opinions on the financial statements and major federal and state programs. The board voted unanimously to accept the auditor's report.
"In our opinion, the accompanying financial statements ... present fairly in all material respects the respective financial position of the governmental activities," the auditor said during the presentation, noting there were no…
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