Auditors issue unmodified opinion on SRISD statements while flagging internal-control weaknesses
Summary
Carr, Riggs & Ingram presented Santa Rosa ISD's 2023—2024 Annual Comprehensive Financial Report. Auditors gave an unmodified opinion on financial statements and federal compliance but disclosed material weaknesses and Single Audit findings; net position fell $1.6 million.
Carr, Riggs & Ingram auditors presented Santa Rosa Independent School District's 2023—2024 Annual Comprehensive Financial Report to the board on Nov. 20. Jonathan Hall, engagement partner, told trustees the auditor's Independent Auditor's Report on the basic financial statements was unmodified and the Uniform Guidance report issued an unmodified opinion on compliance for the district's major federal program (Assistance Listing 84.287, Twenty-First Century Community Learning Centers).
The auditors' materials also disclose internal-control issues and Single Audit findings. The slides provided to the board indicate material weaknesses were identified in internal control over financial reporting and over the major federal program; the Single Audit section notes required findings under 2 CFR '200.516(a). The presentation shows governmental activities net position at $12,078,749 at June 30, 2024, a decrease of $1,614,158 (11.8%) from FY2023. The board accepted the ACFR as presented.
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