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District receives unmodified audit and meets state reserve requirements, auditor says
Summary
Christy White presented the 2023–24 Redondo Beach Unified audit, delivering unmodified opinions on financial statements and on federal/state compliance and noting the district meets or exceeds the state's required minimum reserves.
The Redondo Beach Unified School District's audit for fiscal year 2023–24 received an unmodified (clean) opinion on the financial statements and unmodified opinions on federal and state compliance, auditor Christy White told the board Jan. 14.
White, of Christy White Accountancy, told the board the audit covers both standard financial reporting and state/federal compliance testing, including child nutrition and the Educational Stabilization Funds. She said the district had no instances of noncompliance or federal/state exceptions in the scope of the audit.
White also pointed the board to trend data showing the district meets and exceeds the state's minimum required reserves for fiscal stability. The audit package includes full financial statements and a multi-year trend summary that board members may review in the packet.
Why it matters: An unmodified audit opinion is the best outcome an auditor can express and signals that the district's financial statements are presented fairly in all material respects and that controls and compliance tested were satisfactory in the audit sample.
What board members said: Board members and staff thanked the business office for its work preparing documentation for the audit and recognized that state reporting requirements continue to expand. The auditor acknowledged the district's business office and school-site staff for cooperation during testing.
Next steps and availability: The audit report is part of the public packet and staff noted the financial statements begin on page 11 of the report and trend information appears later in the document. Board members may follow up with the business office for additional details on fund-level balances or program-specific expenditures.
