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Sun Prairie Area School District posts $1.9 million increase in general fund, auditors say
Summary
An independent audit presented to the Sun Prairie Area School District found an unmodified opinion on the 2024 financial statements and reported a $1.9 million increase in the district's general fund balance, with recommendations on capitalization and compensated-absence accounting.
Tara Bast, audit partner with Johnson Block and Company, presented the Sun Prairie Area School District's 2024 audited financial highlights, saying the auditors issued an unmodified opinion and that the district's general fund balance increased by $1.9 million.
The unmodified opinion, Bast said, means the financial statements "are fairly stated and presented in accordance with applicable accounting standards and free of any material misstatements." The audit package also includes the management discussion and analysis, fund financial statements, notes to the financial statements, and required supplementary schedules, Bast said.
Key figures in the presentation included total general-fund assets of $60,860,000; current liabilities of just over $18,000,000; and…
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