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Blackhawk School District audit returns unmodified opinion; long‑term pension liability explained
Summary
External auditors gave Blackhawk School District an unmodified (clean) opinion for 2023–24 and reported a $5.0 million general fund balance, while required accounting for the district’s PSERS pension obligation produces a substantially larger long‑term deficit on consolidated statements.
The Blackhawk School Board heard a presentation Feb. 13 from the district’s external auditor, who said the 2023–24 financial statements received an unmodified opinion and that the district’s general fund ended the year with roughly $5.0 million in total fund balance.
Auditor Turnley told the board the audit firm found the district’s financial statements were "in conformity with the rules and regulations of our profession" and that the opinion is what stakeholders expect for an annual audit. He emphasized that the general fund balance — the district’s primary operating fund — remains the key short‑term indicator of financial health.
The audit synopsis noted the district ended 2023–24 with an approximately $715,000 decline in the general fund balance…
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