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EPIC board accepts FY24–25 audit; auditors report no material findings and note short‑term loan
Summary
The EPIC One on One Charter School board accepted the FY24–25 financial audit. Auditors issued an unmodified opinion on the state-regulatory financial statements, reported no material internal-control findings, and noted about $41 million in cash with roughly $30 million in short‑term borrowing.
The EPIC One on One Charter School board voted to accept the district’s fiscal year 2024–25 financial audit after a presentation by auditor Chris Gullickson of Bledsoe, Hewitt & Gullickson.
Gullickson told the board the firm issued an adverse opinion on GAAP-formatted statements because EPIC reports in the State Department of Education’s regulatory format, but that the audit included…
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