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Lordsburg board accepts 2024-25 audit; auditor reports clean opinion, three minor findings
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Summary
An external auditor told the Lordsburg Municipal Schools board it issued an unmodified (clean) opinion on fiscal-year 2024-25 financial statements and federal awards; the board accepted the audit despite three minor findings including a recurring budget finding, a procurement timing error, and IT access controls.
The Lordsburg Municipal Schools Board of Education on Monday accepted the district's 2024-25 audited financial statements after an auditor summarized the report and findings.
The auditor told the board the firm issued an "unmodified or clean opinion on the financial statements," and added the federal-awards audit also received a clean opinion. He said the audit package contains three separate reports and flagged three relatively low-level findings that the district should address.
Why it matters: A clean opinion indicates the auditor found the district's financial statements presented fairly in accordance with accounting standards; the identified findings, while not material, point to controls and compliance areas the board should monitor.
The auditor described the findings in more detail. One was a repeated budget finding that showed up in three consecutive years (2023'25); another involved a purchase order that was created after a vendor invoice, a sequencing error auditors said should be prevented by standard procurement practice; a third related to IT access, where the business manager and others had broad rights in the accounting system that the auditors recommended narrowing.
Board members discussed the federal-awards threshold that prompted a federal audit this year, and the auditor noted the federal single-audit threshold rose to $1,000,000 for FY26. The auditor also pointed board members to a one-page summary of results and encouraged them to review the full 93-page financial statements on the state auditor's website.
Chair (speaker 1) moved to accept the 2024-25 audit report "as presented" and the motion was seconded; the board voted in favor and the motion carried.
What happens next: Staff agreed to evaluate access privileges in the accounting system and to follow up on the procurement sequencing and budget controls cited in the findings. The full audit report, including footnotes and federal-expenditures schedules, is available through the State Auditor's public portal for review.
(Reporting drew directly from the auditor's presentation to the board and the board's subsequent motion to accept the audit.)
