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Blackhawk School District audit delivers clean opinion as board confronts roughly $1.8 million shortfall
Summary
The district’s external auditor issued an "unmodified opinion" on the 2022–23 financial statements while board finance staff warned of a projected $1.8 million budget shortfall and outlined options including partial use of the state Act 1 index ahead of a preliminary budget display and a final June vote.
The Blackhawk School District received an "unmodified opinion" on its fiscal year 2022–23 audit, the auditor told the board at its May 9 meeting — even as district finance staff outlined a projected shortfall of roughly $1.8 million for 2024–25.
"We have issued this year what is kind of an unmodified opinion to the district," the auditor (Mr. Turley) said, meaning the audit found the district's financial statements conform with accounting rules. The auditor reported a general fund balance of about $6,461,000 and noted revenues increased by about $955,000 from the prior year, driven primarily by roughly $775,000 in state subsidies and $223,000 in federal subsidies.
Why it matters: an unmodified audit opinion signals that external reviewers found the district's…
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