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Board accepts FY2025 annual financial report; superintendent cites Den landscaping overage, donations
Summary
Bullhead City School District leaders approved the FY2025 annual financial report Oct. 13 and discussed a Den project operating overage driven by landscaping costs; staff said roughly $10,000 in donations were received and the business office will file the report with the county by the statutory deadline.
The Bullhead City School District Governing Board on Oct. 13 accepted the district's Fiscal Year 2025 annual financial report and was briefed on a near-term overage tied to the Den project’s landscaping.
Superintendent Dr. Carolyn Stewart said the AFR is the accounting report that shows actual expenditures for the year across maintenance and operations, grants and capital. Jenny Beck prepared the report and it was reviewed by an accountant from Einfeld Meach, the superintendent said. Board members were told the AFR must be filed the next day to meet a statutory deadline.
Board members asked about an apparent overage in the Den project. Dr. Stewart explained the overage was in the Den project’s operating account (not the capital building envelope) and that landscaping—purchase of stone/ground cover and the labor to spread it—was the largest cost. She told the board the district has collected roughly $10,000 in donations toward the landscaping, and staff will move certain operating expenses into maintenance-and-operations accounts so the overall district budget ends the year in the black.
Board discussion also noted local price inflation for landscaping materials: a vendor quote cited in the meeting rose from $39 per ton to $49 per ton in under six months. The board approved the AFR by unanimous roll call so the district can file on schedule.
No further audit findings or corrective actions were described in public session.
