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Board receives clean audit; auditors flag two federal-grant issues
Summary
ClearTrail CPAs presented an unmodified (clean) opinion on Vernonia School District's financial statements but noted two federal single-audit findings related to coding and reimbursement procedures for a 21st Century grant; the board approved the audit in the meeting's action items.
Tara Camp, partner at ClearTrail CPAs, told the Vernonia School District board that auditors issued an unmodified, clean opinion on the district's financial statements for the 2024–25 audit and identified two findings in the federal single-audit.
"For the financial statement audit, we issued an unmodified opinion on the financial statements," Camp said during her presentation. She said the state minimum-standards testing showed a couple of items and that the federal single audit found two issues of noncompliance related to the 21st Century Community Learning Center grant: one expenditure coded to an incorrect account and issues with reimbursement claims submitted to the Oregon Department of Education. Camp said management corrected the coding issue when it was identified and that the findings were described in the management letter and schedule of findings in the audit report.
Board members pressed for details about whether management had implemented corrective actions. Camp responded that the firm audits a single fiscal year and could not confirm subsequent changes beyond the audit year; she said follow-up questions were appropriate for district management. The district superintendent said he would provide management's corrective steps and any follow-up at a future meeting.
After discussion, Director (speaker 5) moved to approve the 2024–25 financial audit as presented; Director (speaker 4) seconded the motion and the board voted to approve it. The audit materials and the management letter will be retained by the district and are available as part of the public audit record. The audit presentation noted that the district implemented GASB 101 for compensated-absence reporting during the audit year.
