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Independent auditors give District 186 a clean opinion; business office outlines state-payment shortfall and capital balances
Summary
Wipfli issued an unmodified opinion on the district's FY24 financial statements; the business office reported $593,448 in outstanding state payments and provided a capital projects fund cash roll forward with a January 31 ending balance of about $57.5 million and upcoming bond payments.
External auditors from the accounting firm Wipfli presented Springfield Public Schools District 186’s FY24 audit and issued an unmodified (clean) opinion on the district’s basic financial statements.
Scott Denzer, partner in Wipfli’s government assurance practice, summarized the annual comprehensive financial report. He highlighted the management’s discussion and analysis section as the best single-place overview, and said the district’s government-wide net position increased to roughly $54 million at June 30, 2024. Denzer noted the district’s June 30 fund-balance position across funds of about $184 million on roughly $400 million…
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