Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
DeKalb CUSD 428 audit: clean opinion, $88.2 million operating fund balance; asset revaluation noted
Summary
The district’s FY24–25 audit returned an unmodified (clean) opinion; auditors reported an approximately $88.2 million operating fund balance (about eight months of reserves) and noted a material weakness limited to capital-asset valuation after a multi-year reappraisal.
DeKalb CUSD 428’s FY24–25 annual comprehensive financial report received an unmodified opinion from auditors, who also reported an operating fund balance of about $88,200,000 and noted a front‑statement accounting adjustment tied to a capital‑asset reappraisal.
Jennifer Becker, the in‑charge auditor from Wipfli Inc., told the board the audit was conducted under generally accepted auditing standards and governmental auditing standards and that the district’s financial statements were prepared on the modified accrual basis. “The audit had an unmodified opinion, which means a clean opinion, a fairly presented opinion, no which in all material respects,” Becker said during…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
