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Tustin Unified board accepts clean 2024–25 financial and Measure S bond audits
Summary
External auditors reported unmodified opinions on the district’s 2024–25 financial statements and Measure S bond expenditures; the board voted to accept both reports during the meeting.
Tustin Unified School District trustees voted to accept the district’s 2024–25 independent financial audit and the Measure S general obligation bond audit after an auditor presented clean opinions on both reports.
Jessica Barry, a partner at Nigro & Nigro, summarized the audit process and told the board the firm issued an unmodified (clean) opinion on the district’s financial statements and on the Measure S bond audit, meaning the auditors did not identify material misstatements in the financial reporting. Barry outlined the three-stage audit process (site testing, interim testing and final fieldwork), the focus on attendance and ASB controls, and the bond testing related to contract compliance and allowable expenditures.
Mr. Sullins (district finance) and board members noted the reports include detailed schedules, notes and required disclosures on pension and OPEB liabilities. The board moved to accept the 2024–25 general financial audit report and the Measure S bond financial audit report as submitted; the motion passed on a voice vote.
The acceptance means the district will publish the auditor’s opinion letters and supporting schedules as part of its public financial reports. Board members praised the finance team and the external auditors for their work.
The board’s acceptance followed the auditor’s presentation and a brief period for questions; no material exceptions or qualified opinions were announced during the meeting.
The board’s vote to accept the audits was taken by voice; the meeting record shows the motion carried.
