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District auditors deliver clean FY25 opinion; unassigned fund balance fell and food-service fund is negative
Summary
Auditors presented a draft FY2025 audit with a clean (unmodified) opinion, noting a material weakness tied to retiree census data for OPEB, a decline in unassigned general fund balance from 10.12% to 6.65%, and a negative food-service fund balance; auditors said final statements will be presented Dec. 30.
CliftonLarsonAllen auditors and Saint Paul Public Schools financial staff presented a draft executive summary of the FY2025 audit to the board on Dec. 18, reporting a clean (unmodified) audit opinion and several items for follow-up.
Key points from the audit presentation:
- Opinion: Auditors indicated a clean opinion on the FY2025 financial statements, meaning no material modification was required. - Adjustments and controls: There was one corrected adjustment (accounts payable in the community service fund) and no…
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