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Board hears audit showing unqualified opinion; fund balance rose to about $9.5 million
Summary
The West Salem School Board heard an informational audit presentation that reported an unqualified opinion, noted an increase in the district’s fund balance to roughly $9.5 million, and discussed single-audit testing tied to food-service and ARRA funding. The item was informational only; no board action was taken.
The West Salem School Board received an informational presentation on the district’s annual audit, during which the presenter said auditors issued an unqualified opinion and reviewed the components of the audit report.
Sean presented the audit, explaining that an audit samples transactions to confirm that expenditures and revenues comply with Department of Public Instruction and federal regulations. He described the audit report’s parts — the independent auditor’s opinion, the management discussion and analysis, the financial section with notes and fund breakdowns, and required supplemental sections including the single-audit portion tied to food-service funding. “We had an unqualified opinion,” he said.
Sean told the board the district’s aggregate fund balance moved from about $6,300,000 at the start of the year to an ending balance of roughly $9,500,000. He said that change reflects activity across all funds, with capital projects and an insurance recovery after recent hail damage contributing to the increase. He also reported the district’s total annual expenditures across funds are about $35,000,000.
The presentation noted additional testing related to ARRA/COVID funds and explained that the single-audit section tests compliance for federal awards tied to food-service funding. Sean said the audit materials are posted on the district website for public review and that the district is transitioning to a new auditing firm next year; the incoming auditors will present in a future meeting.
Board members asked whether the audit required formal approval; staff clarified the report was provided for information only. No formal action or vote on the audit was taken at the meeting. The board was invited to review the posted report and raise any follow-up questions with district staff or the incoming auditors.
