Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Reports topic
No spam. Unsubscribe anytime.
Independent auditors issue clean opinion for Redmond SD 2J but flag procurement deficiency for federal programs
Summary
Auditors gave Redmond SD 2J an unmodified (clean) opinion on the financial statements and federal compliance reports, but identified a significant deficiency in procurement documentation for certain federally funded procurements that may require expanded testing and process attention.
Independent auditors presented the district's annual audit and compliance reports, reporting an unmodified opinion on the financial statements and federal compliance work, but noting a single significant deficiency related to procurement practices for federal programs.
"We have an unmodified opinion on the financial statements that they present fairly in all material respects the financial position of the school district," the auditor (S2) said. The auditor added that the implementation of a new accounting standard for compensated absences (reported as GASB implementation) required a disclosure but did not change the opinion.
Procurement finding: The audit team reported one significant deficiency tied to procurement documentation and the federal rules that apply to certain procurements under programs such as the child nutrition cluster and federal stimulus awards (ESSER/ARP). The auditors said that in some procurements the detailed federal procurement steps or documentation were not evident and that the deficiency requires attention and could increase federal-testing scope in future years. The auditor emphasized this was not a material weakness and did not change the overall clean opinion.
Annual Comprehensive Financial Report (AFR) and bond context: District staff explained that the AFR's statistical section supports bond-covenant reporting and noted the district issued approximately $97,700,000 in general-obligation bonds in June; staff also said some capacity figures in the AFR are dated and will be updated as part of ongoing boundary and capacity analyses.
Next steps: The district and auditors will address procurement process documentation, and staff will incorporate updated capacity data into boundary work and future AFR publications.
