District reviews audit
ELLY GRIMM
Leader & Times
USD 480 continues its streak of clean audits, according to a report at the USD 480 school board’s most recent meeting Monday evening.
“Like every year, we have audited the accompanying fund summary statement of regulatory basis receipts, expenditures, and unencumbered cash balances of the school district, as of and for the fiscal year ended June 30, 2024 and the related notes to the financial statement,” Craig Hay said. “In our opinion, the accompanying financial statement referred to above presents fairly, in all material respects, the aggregate cash and unencumbered cash balance of USD 480 as of June 30, 2024, and the aggregate receipts and expenditures for the year then ended in accordance with the financial reporting provisions of the Kansas Municipal Audit and Accounting Guide. In our opinion, the accompanying supplementary information is fairly stated in all material respects, in relation to the basic financial statement as a whole. We also previously audited, in accordance with auditing standards generally accepted in the United States of America, the basic financial statement of USD 480 as of and for the year ended June 30, 2023, and have issued our report thereon dated Dec. 20, 2023, which contained an unmodified opinion on the basic financial statement.”
