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Audit: Fond du Lac ends 2023–24 with smaller-than-budgeted deficit; special-education costs required multimillion-dollar transfers
Summary
District business staff told the board the 2023–24 audit shows an audited General Fund decrease of $2,158,925 — better than the $3.3 million deficit the board had adopted — while special-education expenses required roughly $9.1 million in transfers from the General Fund.
The Fond du Lac School District’s independent audit for fiscal year 2023–24 shows the district closed the year with a smaller deficit than it had originally budgeted, but continued dependence on general-fund transfers to cover special-education costs.
Mr. Gerlach, district business office staff member, presented the 2023–24 final audit report and explained that the independent audit was prepared by Ericsson and Associates and follows guidance from the Wisconsin Department of Public Instruction and applicable state and federal requirements. He said the audit verifies the district’s fiscal activity for the year that ended June 30, 2024, and that the audit documents will be posted on the district website.
The audited financial statements show the district’s General Fund balance…
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