Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
Independent auditors give D51 a clean opinion on FY25 financials
Summary
An independent auditor told the board the district’s fiscal 2025 statements received unmodified opinions, the single audit produced no findings, and auditors identified no material weaknesses in internal control.
The board heard the district’s annual audit presentation and an independent auditor’s assurance that the fiscal 2025 financial statements were presented fairly.
Jim Hinkle of Hinkle and Company CPAs told trustees the district’s Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2025, will carry an unmodified (clean) opinion and that auditors found no material weaknesses or significant deficiencies in internal controls. He also reported an unmodified opinion on the federal single audit and no instances of noncompliance or questioned costs in the programs tested.
Why it matters: a clean audit indicates the district’s financial statements conform to generally accepted accounting principles and that auditors found appropriate internal controls and documentation for both financial reporting and the federal programs tested.
Details from the audit: auditors examined internal control design and segregation of duties, performed substantive testing and analytic reviews, and tested Type A federal programs (child nutrition and special education) per federal single‑audit requirements. Hinkle said the audit and single audit both resulted in unmodified opinions and that auditors encountered no difficulties or disagreements with management.
What comes next: the district will finalize the ACFR, submit required filings to state and federal agencies, and provide the required communication letter to trustees; staff said a final version of the report will be posted to the district website when complete.
