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Chippewa Falls board accepts clean audit and finds financial administration in compliance
Summary
The board accepted a clean, unmodified audit for 2023–24 and voted to find the district in compliance with its OE7 financial administration monitoring report, after auditors reported no compliance findings in grant testing and noted only routine accounting updates under GASB 101.
The Chippewa Falls Area Unified School District board voted to accept the district's 2023'24 audit and to find the district in compliance with its OE7 financial administration monitoring report during the December meeting.
Kyle Gruber, senior manager for the district's external auditors, told the board the financial statements carried an unmodified ("clean") opinion and that grant testing (including child nutrition and Title I) produced no compliance findings. "We had a clean opinion, unmodified," Gruber said. He noted implementation of GASB 101 related to compensated absences but told the board the district did not need material changes to its financial reporting because of how leave payouts are structured.
Board member Olsen moved to approve the audit report as presented; the motion was seconded by Dave Martino and carried following a roll-call vote. Clerk roll-call responses were recorded in the meeting minutes and the board declared the motion carried.
Chad Trobridge, director of financial services, reviewed the OE7 monitoring report that outlines 13 fiscal indicators from prompt payment of payroll to competitive-bidding thresholds. "Overall the past year has been very good," Trobridge said, summarizing that filings were timely and no corrective audit actions were outstanding. The board moved to accept OE7 as its own report and found the district in compliance with OE7 financial administration.
The board's actions formalize acceptance of the audit and the administration's fiscal-monitoring report; both are standard parts of the district's annual oversight cycle. The administration said the single-audit compliance supplement was delayed at the federal level this year, which delayed final grant reporting, but that no compliance issues were expected when that portion is finalized.
Next steps: the district will issue the split grant/audit report once final federal materials are available and continue to monitor any accounting standard updates that may affect future reporting.
