McFarland board hears audit progress, approves budget adjustments and fund-balance designations

Jeff Mahoney, the district business manager, told the McFarland School District Board on Aug. 4 that the 2024–25 audit is under way and that preliminary financial results leave the district “just over 14 and a half million” in fund balance. He said the audit presentation may arrive in November or December and that staff will present a revised levy and final budget after state aid and equalized values are certified in October.

Mahoney framed why the figures matter as the board prepares for its annual meeting and tax-levy decisions. "We will in September get into doing the annual meeting notice, and talk about the budget hearing that will be, on October 20," he said. He also warned that some revenues are variable: interest earnings and virtual-school oversight fees have been higher…