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The School District of the City of Harper Woods

PRESENTED BY

Michael L. Rolka, CPA, CGFM

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October 7, 2025

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Financial Statement Audit Results

Audit Opinion

    • The purpose of an audit
    • Unmodified opinion – highest level of assurance
    • Management’s responsibility
      • Preparation and fair presentation in accordance with GAAP
      • Design, implementation and maintenance of internal controls
    • Auditors’ responsibility
      • Obtain reasonable assurance and render an opinion on the financial statements
      • Exercise professional judgment and skepticism
      • Identify and assess risks of material misstatement
      • Evaluate policies, estimates, and overall presentation

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Balance Sheet – Governmental Funds

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Statement of Revenues, Expenditures�and Changes in Fund Balances

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General Fund Balance As a Percentage of Expenditures

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2023-24

Peers (2,500-2,999)

25.00%

State

25.95%

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Single Audit Results

Major Programs:

  • Title I – unmodified opinion on compliance
  • Nutrition Cluster – unmodified opinion on compliance
  • Education Stabilization Fund – unmodified opinion on compliance

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Schedule of Expenditures of Federal Awards:

  • Fairly stated in all material respects in relation to the basic financial statements as a whole.

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Internal Controls and Compliance

Government Auditing Standards Findings:

  • No findings

Federal Award Finding:

  • No findings

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Prior audit findings:

  • 2024-001 – Audit Adjustments – corrected in FY25
  • 2024-002 – Special Tests & Provisions – corrected in FY25

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Let’s thrive.

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Through our family of companies, we work with you to achieve your unique goals.

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VISIT

yeoandyeo.com

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CALL

800.968.0010

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CONNECT

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Thank you.

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Michael L. Rolka, CPA, CGFM

michael.rolka@yeoandyeo.com

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YEOANDYEO.COM

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