Board Accepts 2024–25 Audit; Auditor Reports Clean Opinion, Flags Late Single‑audit Filing
Summary
The Big Spring School District accepted the 2024–25 financial statements and audit from Boyer and Ritter, which issued an unmodified (clean) opinion on both the financial statements and the child‑nutrition single audit; auditors noted a timing finding because the single audit had not been submitted within the nine‑month federal deadline but the final report is now complete.
The Big Spring School District Board voted to accept the 2024–25 financial statements and the audit report presented by Boyer and Ritter at its Feb. 17 meeting.
Sanai Dzharovich of Boyer and Ritter told the board the firm had “issued an unmodified opinion,” the standard clean audit opinion, and that the single‑audit testing for the child‑nutrition cluster likewise received an unmodified opinion. Dzharovich said the audit package contains three independent auditors’ reports and noted where board members could find narrative and footnote detail in the 83‑page report.
The auditors also reported one compliance finding tied to timing: the required single audit for federal awards was not submitted within the federal clearinghouse’s nine‑month deadline for the 2024 year‑end. Dzharovich said the completed report presented in February resolves the timing finding for the subsequent year but that the finding remains in the 2024‑25 report because it missed the deadline. He also explained that GASB 101 changed how compensated‑absences are calculated and that implementation increased the reported liability by about $1.2 million year‑over‑year.
Board members praised the speed and thoroughness of the audit and thanked business staff for working with the auditors. After the presentation, the administration recommended the board accept and authorize distribution of the financial statements and audit report; the board approved the motion by voice vote.
What happens next: The administration will distribute the audited financial statements as required and follow up on any internal‑control recommendations noted in the management‑comment letter.
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