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Audit reveals clean opinion for Michigan district's financial and food service programs

September 29, 2024 | Chippewa Valley Schools, School Boards, Michigan


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Audit reveals clean opinion for Michigan district's financial and food service programs
The Chippewa Valley Schools Board of Education meeting on September 29, 2024, spotlighted the district's financial health, with a focus on the recent audit results. The meeting featured a presentation by Jennifer Chambers from Plante Moran, who detailed the findings of the financial statement audit and the federal programs audit, particularly the Child Nutrition Cluster Program.

Chambers reported that the district received an "unmodified" or "clean" opinion on its financial statements, indicating that the financial records are accurately presented. This is the highest assurance level an auditor can provide. The audit also included compliance tests on bond expenditures, which confirmed that the district adhered to state regulations without any identified issues.

In addition to the financial audit, the federal programs audit examined the district's compliance with federal grant requirements. Chambers noted that while the district complied with the Child Nutrition Cluster Program, a minor issue regarding the accuracy of reporting reimbursement requests for meals served was identified. However, this did not affect the overall positive assessment of the program.

The meeting also included discussions on upcoming accounting changes and state aid nuances for the fiscal year 2024, providing the board with essential information for future governance decisions. The board was encouraged to engage in a conversational format during the presentation, allowing for questions and clarifications on the audit process and results.

Overall, the meeting underscored the district's commitment to financial transparency and compliance, setting a positive tone for the upcoming fiscal year.

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Scribe from Workplace AI
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