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Board accepts district audit; auditors issue clean opinion and 11 USFR findings noted
Summary
The governing board accepted the district’s FY24–25 audited financial statements and compliance reports; auditors issued an unmodified (clean) opinion, the district was identified as a low-risk auditee, and the USFR compliance questionnaire returned 11 findings of 171 questions.
The Littleton Elementary School District governing board publicly accepted the district’s annual financial audit and compliance reports for fiscal year 2024–25 after a presentation by Ms. Peña and discussion of several findings.
Ms. Peña summarized the audit process and highlighted an unmodified (clean) opinion from the independent audit firm (Heinfield Meech). "The auditors have stated Littleton presents fairly. What that means is that we have a clean opinion," Ms. Peña told the board. The presentation reviewed the Annual Comprehensive Financial Report (ACFR), a 112-page audited financial statement prepared under GASB standards, and the federal single-audit results (Title I and IDEA) that contained no material weaknesses or significant deficiencies.
On state-compliance matters, the Uniform System of Financial Records (USFR) compliance questionnaire produced 11 findings out of 171 questions (a 94% compliance rate). Ms. Peña explained one recurring procedural deficiency concerned public-hearing posting timelines required by statute (a 10-day notice requirement was missed in a prior fiscal year) and described corrective steps the business office will take.
Following board questions, a motion to accept the audit and compliance questionnaire for FY25 was moved and seconded and carried by roll call. Board members thanked finance staff and the auditors for their work; administration said corrected procedures would be implemented going forward.
The acceptance places the district on record as having received a clean audit opinion and as a low-risk auditee; the board asked for corrective action on the USFR posting deficiency to prevent recurrence.
