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Board of Education of Polk County Schools

June 30, 2024

Audit Presentation

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Opinion - Unmodified (Clean)

We have audited accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Polk County Board of Education, as of and for the year ended June 30, 2024 and the related notes to the financial statements, which collectively comprise of the Polk County Board of Education’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of Polk County Board of Education as of June 30, 2024, and the respective changes in financial position, and cash flows, where applicable, thereof and the respective budgetary comparison for the General Fund, the State Public School Fund, the Other Special Revenue Fund, and the Federal Grants Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

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Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance

Audit Report: Page 15

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Governmental Funds Balance Sheet

Audit Report: Page 14

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School Food

Service

Audit Report: Page 23

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Auditor Reports - Compliance

    • Report on Internal Control Over Financial Reporting and Compliance
      • Unmodified Opinion
    • Report on Compliance for Each Major Federal Program
      • Unmodified Opinion
    • Report on Compliance for Each Major State Program
      • Unmodified Opinion

Audit Report: Page 62, 64, & 67

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Audit Findings & Questioned Costs

    • Financial Statements
      • None
    • Federal Awards
      • None
    • State Awards
      • None

Audit Report: Page 74

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Revenue Over Time

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COVID-19 Related Revenue

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Fund Balance Over Time

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Retirement Contributions

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Andy Deal, CPA

828-234-1811

adeal@asw-cpa.com