their 2018 Fiscal Year Audit
The MCHD Board of Trustees
heard a presentation of the audit's
findings by Independent auditor
BKD, which does include an operational
loss of $3,900,000.
“We are prepared to issue an
unqualified or clean opinion.
That’s the highest qualification of
opinion that we can provide,” said
BKD representative.
BKD then presented numerous
highlights in the MCHD audit,
which included audit adjustments
and overstatement in the financial
assistance program.
The MCHD capital improvement
projects, account receivables,
employee wages, and benefits
increase, and other changes in its
portfolio were also pointed out.
Board Chairperson Jesus Casas
addressed certain concerns and
highlighted the district’s unrealized
losses which occur when an
investor holds onto an asset after it
has decreased in price, rather than