Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit topic
No spam. Unsubscribe anytime.
School board accepts internal and state audits showing robust student-activity reserves
Summary
Auditors from Pervis Gray reported an unmodified opinion on Charlotte County Public Schools' internal accounts, noting about $4.5 million in cash (approximately $4.3 million restricted for student activities) and a $600,000 increase in activity receipts to $9.4 million; the board accepted both the internal and state financial audits.
The Charlotte County School Board accepted two audit reports at its March 10 meeting after presentations from external auditors.
Pierce Hogan, senior audit manager with Pervis Gray, presented the internal accounts audit for the year ending June 30, 2025. He told the board the firm issued an "unmodified opinion," the highest level of assurance, and reported roughly $4.5 million in cash for internal accounts, of which about $4.3 million is restricted for student activities. Hogan said student-activity receipts increased by about $600,000 from the prior year (from about $8.8 million to $9.4 million) and that the district's internal-controls testing across elementary, middle and high schools produced no material weaknesses or significant deficiencies.
"We issued an unmodified opinion," Hogan said, summarizing the audit result and describing the audit's representative sampling across schools.
Hogan also noted a technical reporting change: internal accounts historically presented on a cash basis were converted this year to a modified-accrual basis to align with best practices and to flow into the district-wide financial statements more easily.
Following the presentation, the superintendent recommended acceptance of the financial statements and independent auditors' report; the board moved, seconded and approved acceptance by voice vote. The board also approved the operational financial audit conducted by the Florida Auditor General for the fiscal year ending June 30, 2025, on the superintendent's recommendation.
