Franklin Special District audits receive clean opinions; board approves 2024–25 reports

Andy Matlock, an auditor with Matlock Clements, presented the Franklin Special District’s two fiscal-year 2024–25 audit reports and told trustees both audits received unmodified (clean) opinions.

Matlock said the internal school funds report and the district audit (including single-audit procedures for federal awards) identified no significant deficiencies or material weaknesses in internal controls. He reported the internal funds’ combined ending fund balance was about $669,000, revenues were just under $997,000, and the district’s total assets were approximately $224,000,000, with capital outlays just under $13,000,000 for the year ending June 30, 2025.

"We issued an unmodified opinion," Matlock said, adding the audit team did not identify deficiencies related to federal awards. Following the presentation, Dr. Snowden said the administration recommended approval of the audit reports "as presented." The board moved, seconded, and adopted the reports on a roll call vote; trustees present voted yes, and the chair declared the audits approved.

The audits will be filed in the district’s records and posted per standard practice; no corrective actions or follow-up items were identified during the presentation. The administration and the auditor answered trustees’ questions during the presentation before the vote.

Next steps: the district will retain the audit reports in its public records and proceed with any routine financial reporting and compliance filing required by state and federal authorities.