Grain Valley Schools received a clean audit report during the School Board Workshop on October 2, 2025, highlighting the district's financial health despite some challenges. Brian Eckoff from Westbrook and Company presented the audit findings, noting that the district's financial statements were fairly presented, which is a positive indicator for stakeholders.
The audit revealed that the district faced a significant loss in food service operations, costing approximately $527,000 this year, a stark contrast to the profits seen during the pandemic. Additionally, the district's total revenues were reported at $73 million against expenditures of $94 million, resulting in a decrease in fund balance of nearly $12 million. The general fund showed a slight increase of $100,000, indicating a near breakeven situation.
Eckoff emphasized the importance of monitoring the district's reserve ratio, which has declined to 22.41%. While still considered healthy, this trend raises concerns about future financial stability. The board was advised to keep a close eye on attendance rates, which have remained flat over the past five years, as this could impact funding.
The audit process faced delays due to pending federal guidelines, preventing the release of a single audit until the necessary compliance forms are finalized. Eckoff assured the board that the audit would be brought back for approval in November or December.
Overall, the meeting underscored the district's commitment to transparency and fiscal responsibility, with plans for ongoing improvements in attendance tracking and financial management.