Each year, school districts undergo audits from the Office of the Washington State Auditor and we are proud to report that Riverview School District achieved no findings, no recommendations, and a 100% clean audit for the survey period for our fiscal year (September 1, 2021 - August 31, 2022).
There are two aspects to the audit report – an overview of financial statements and accountability.
Per the Auditor's Office report – “Financial Statement and Single Audit”:
SECTION I – SUMMARY OF AUDITOR’S RESULTS
The results of our audit of Riverview School District No. 407 are summarized below in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Financial Statements
We issued an unmodified opinion on the fair presentation of the District’s financial statements in accordance with its regulatory basis of accounting. Separately, we issued an adverse opinion on the fair presentation with regard to accounting principles generally accepted in the United States of America (GAAP) because the financial statements are prepared using a basis of accounting other than GAAP.
Internal Control over Financial Reporting:
Significant Deficiencies: We reported no deficiencies in the design or operation of internal control over financial reporting that we consider to be significant deficiencies.
Material Weaknesses: We identified no deficiencies that we consider to be material weaknesses.
We noted no instances of noncompliance that were material to the financial statements of the District.
Federal Awards
Internal Control over Major Programs:
Significant Deficiencies: We reported no deficiencies in the design or operation of internal control over major federal programs that we consider to be significant deficiencies.
Material Weaknesses: We identified no deficiencies that we consider to be material weaknesses.
We issued an unmodified opinion on the District’s compliance with requirements applicable to each of its major federal programs.
We reported no findings that are required to be disclosed in accordance with 2 CFR 200.516(a).
SECTION II – FINANCIAL STATEMENT FINDINGS
None reported.
SECTION III – FEDERAL AWARD FINDINGS AND QUESTIONED COSTS
None reported.
REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM
We have audited the compliance of Riverview School District No. 407, with the types of compliance requirements identified as subject to audit in the U.S. Office of Management and Budget (OMB) Compliance Supplement that could have a direct and material effect on each of the District’s major federal programs for the year ended August 31, 2022. The District’s major federal programs are identified in the auditor’s results section of the accompanying Schedule of Findings and Questioned Costs.
In our opinion, the District complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended August 31, 2022.
Per the Auditor’s Office report – “Accountability Audit”:
Results in brief
This report describes the overall results and conclusions for the areas we examined. In those selected areas, District operations complied, in all material respects, with applicable state laws, regulations, and its own policies, and provided adequate controls over the safeguarding of public resources.
In keeping with general auditing practices, we do not examine every transaction, activity, policy, internal control, or area. As a result, no information is provided on the areas that were not examined.
About the audit
This report contains the results of our independent accountability audit of Riverview School District No. 407 from September 1, 2021 through August 31, 2022.
Management is responsible for ensuring compliance and adequate safeguarding of public resources from fraud, loss or abuse. This includes the design, implementation and maintenance of internal controls relevant to these objectives.
This audit was conducted under the authority of RCW 43.09.260, which requires the Office of the Washington State Auditor to examine the financial affairs of all local governments. Our audit involved obtaining evidence about the District’s use of public resources, compliance with state laws and regulations and its own policies and procedures, and internal controls over such matters.
The procedures performed were based on our assessment of risks in the areas we examined.
Based on our risk assessment for the year ended August 31, 2022, the areas examined were those representing the highest risk of fraud, loss, abuse, or noncompliance. We examined the following areas during this audit period:
• Use of restricted funds – professional learning and local revenue for enrichment activities
• Compliance with supplemental contracts for enrichment activities
• Procurement - purchases
• Associated Student Body activities – fundraiser and cash receipting
• Payroll – gross wages
• Use of restricted funds – acquisition of properties
• Open public meetings – compliance with minutes, meetings and executive session requirements
• Financial condition – reviewing for indications of financial distress
To see reports filed by the Office of the Washington State Auditor, please visit: https://sao.wa.gov/reports-data/audit-reports.
We congratulate our Business & Operations Teams and Riverview personnel who helped us achieve a clean audit once again from the Office of the Washington State Auditor!