Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Audit shows Clinton City Schools with multi‑million fund balance; child‑nutrition program using cash reserves
Summary
External auditors delivered a clean opinion on the district’s 2024–25 financial statements, reported roughly $4.4 million in general‑fund balance and flagged ongoing cash use in the child‑nutrition enterprise fund as staffing and food costs rise.
Clinton — Clinton City Schools’ external auditor presented draft fiscal year 2024–25 financial statements to the board Tuesday, issuing a clean opinion while noting changes in accounting rules and pressure on the district’s child‑nutrition cash reserves.
Adam, the district’s auditor, told the board he would issue a “clean, unmodified opinion” on the statements once pending federal compliance supplements are finalized. He said the figures themselves are complete but that the federal auditing guidance for major programs remains in draft and the audit’s issuance date will be set when that guidance is finalized.
Why it matters: The audit is the independent record of the district’s finances. The auditor said the district entered the new fiscal year with notable reserves — an important consideration for capital…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
