Job Hastings and Associates presented the independent audit for the fiscal year ended June 30 at the Jan. 14 Murfreesboro City Schools Board meeting and issued a clean opinion with no findings.

Jimmy Job of Job Hastings told the board the audit report (about 85 pages) contains two presentations of the financial statements: a district-wide presentation that includes long-term assets and liabilities and a budget-based presentation showing funds available for the next fiscal year. He said total district assets were about $198 million with liabilities around $49 million, leaving a net position of about $152 million at year end. Federal grant receipts were described in the report: roughly $12.5 million identified as coming from the U.S. Department of Education and just over $5 million from the U.S. Department of Agriculture for nutrition programs.

Job Hastings also reported clean opinions on internal controls and federal grant compliance testing. “There were no findings this year,” Jimmy Job said. Board and district leaders publicly thanked the finance staff; Director of Schools Dr. Duke and board members singled out Finance Director Daniel Owens and his team for their work in producing a finding-free audit.

Daniel Owens, interim finance director, provided the board with a revenue and expenditure overview for November and noted a 3.6% shortfall at that reporting date that the district expects to correct in the January–February tax collection cycle. Owens and board members explained timing differences: certain revenues such as property taxes and some sales-tax allocations arrive later in the fiscal year, and the district uses projections to close the year in June.

The audit includes detailed fund-level schedules, federal-grant listings, and footnotes describing bond issues and capital assets. The auditors said the management’s discussion and analysis within the report is a good starting point for citizens who want the financial overview, and Job Hastings will submit the audit to the state and publish it on the district website.

Board members praised the work and noted the audit supports district operations and future planning; no subsequent directives were recorded at the meeting.