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External auditors give West Linn-Wilsonville district an unmodified opinion on 2023-24 finances
Summary
Polly Rogers auditors presented the annual comprehensive financial report and said they issued an unmodified (clean) opinion with no significant findings; the business office also reported a projected ending fund balance of about $12.7 million for 2024-25.
Polly Rogers auditors presented the districtannual comprehensive financial report for fiscal year 2023-24 and reported an unmodified (clean) audit opinion.
"We issued an unmodified opinion on the financial statements," auditor Tim Lamont told the board, explaining that the audit found no significant deficiencies, no federal-award noncompliance and no separate management letter was required.
The district's business office then reviewed the general-fund financial report for the current year. The business office reported staff had identified 7.49 full-time-equivalent positions whose costs could be shifted to grants (SIA, high-school success, Medicaid and early-literacy grants) and presented an updated property-tax collection estimate. The report said the estimated ending fund balance for fiscal year 2024-25 is $12,700,000 (about 9.21% of total revenue).
Board members asked about auditor independence and bond-finance coverage. Lamont described team rotation practices and said this engagement used a fresh audit team; he confirmed bond finances were included in audit testing. The auditors said they encountered no difficulties during the engagement.
