Independent auditors give Ozark district an unmodified opinion; board approves audit
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Summary
KPM CPAs presented the fiscal year audit, reporting an unmodified opinion and highlighting fund balances, ESSER revenue, and capital project spending; the board approved the audit unanimously.
Matt Wallace, partner at KPM CPAs, presented the Ozark R-VI School District's annual financial audit and said the firm issued an unmodified opinion — the highest standard auditors can give.
Wallace told the board total general fund receipts for the fiscal year were about $31.7 million, with total general fund disbursements near $28.2 million and a general‑fund balance of about $18.6 million, representing roughly 3 months of operating reserves. He also noted special revenue increases related to ESSER federal funding and capital project spending tied to several construction projects and bond proceeds.
Wallace said there were no findings in internal control or federal compliance audits and only one minor state compliance finding: the district had not published financial statements in a newspaper within 30 days as required. The auditor said district staff had a plan to correct that.
A motion to approve the audit as presented was made, seconded and approved unanimously. Board members thanked district staff for their work supporting the audit.