The 2018-19 fiscal year audited financial report was presented to the Caldwell County School Board on Monday in Butler Auditorium.
Superintendent Nate Huggins said the audit covered the school year ending June 30, 2019. The budget for the fiscal year was $24.4 million.
"The audit covered all accounts of the board of education, school activity funds, bank accounts and district finance corporation," Huggins said. "The auditor issued an unmodified opinion which is considered a clean opinion."
He said the school district has never had an "unclean audit."
Anna Gentry of Kem, Duguid & Associates, PSC, gave highlights of the audit to the board and community members in attendance. She has worked with the school for almost eight years.
"Our responsibility is to express opinions on these financial statements based on our audit," Gentry said. "An audit involves performing procedures to obtain audit evidence about the amounts and disclosures of these statements."
Depending on the risk or changes within the district, the firm conducts risk assessments and that determines the amount of procedures that are completed.
The firm found no material weaknesses or significant deficiencies in the financial statements or federal awards.
The major federal programs that school system participates in is the School Breakfast Program and National School Lunch Program. There is a $750,000 dollar threshold to distinguish between programs.
There were no findings in the financial statement audits or in the major federal award program audit.