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Murrieta Valley audits clear, board accepts positive first interim certification
Summary
Independent auditors issued unmodified opinions on the district's fiscal year 2024–25 financial and Measure BB audits with no findings; the board accepted the audits and approved a first interim report with a positive certification while staff warned of structural deficits in the two out years driven by declining attendance.
Independent auditors reported clean results for the district's FY 2024–25 financial audit and for the Measure BB bond fund.
John Dominguez of audit firm CWDL told trustees the firm rendered an unmodified opinion on the financial statements, found no material weaknesses in internal control and identified no instances of noncompliance in federal or state-required testing. The auditors also performed a Measure BB performance audit and found roughly $5.2 million in Measure BB…
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