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Independent auditors give Murrieta Valley Unified 'unmodified' opinions; Measure BB review shows $16.2M remaining
Summary
An independent audit partner presented unmodified opinions on the district financial statements, internal control and federal/state compliance; auditors noted adjustments to prior balances (~$191,000) and no reportable findings. The Measure BB bond audit reported $16.2 million in remaining restricted balance and testing coverage of current-year expenditures.
An independent audit partner told the Murrieta Valley Unified School District Board that the district’s 2023–24 financial statements and related compliance work received unmodified opinions and that no findings rose to the level of reportable issues.
John Dominguez, audit partner with C WDL (cwdl), presented the district audit and the Measure BB financial and performance audit during the board meeting. Dominguez said the auditors rendered four unmodified opinions — on the financial statements, internal control over financial reporting, and federal and state compliance — and described several adjustments to prior period balances that together netted about $191,000, an amount the auditors said does not materially affect the overall financial presentation.
On the Measure BB bond audit, Dominguez said the report shows a remaining restricted fund balance of approximately $16.2 million as of June 30, 2024. The auditors sampled transactions for the current year and tested roughly 84–85% of the fiscal-year spending detail on a transactional level; their conclusion was that expenditures reviewed complied with ballot language and Proposition 39 requirements.
Trustees asked routine questions about where to find the adjustments in the audit notes (auditors pointed to Note 16/page 68 of the report) and whether Measure BB funds are reflected in the district audit (auditors explained they roll up into the non‑major capital projects fund in government accounting). Dominguez emphasized that audits use statistical sampling and that the report language about compliance is standard audit boilerplate explaining audits do not test 100% of transactions, but he said the firm felt confident in the conclusions.
After the presentation, the board voted to accept the district audit and the Measure BB financial and performance audit.
No corrective actions or material exceptions were identified in the meeting presentation; auditors noted some negotiated adjustments to note balances and leases that were recorded with management’s concurrence.
