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Audit committee reports clean opinion; district posts multi‑million dollar fund balances and continues Johnson Controls financing payback
Summary
The district audit produced a clean opinion with no findings, a general fund surplus and increased unassigned fund balance. Staff reported capital spending and a $24 million Johnson Controls energy‑savings lease being repaid from savings; the district retains a AAA Fitch rating.
Weber School District audit committee members told the board the district’s annual audit returned a clean opinion and no findings. Committee members said the district closed the year with a surplus and increased unassigned fund balance.
An audit committee speaker said the general fund showed a change in fund balance of about $3.5 million and that the district added roughly $3.2 million to unassigned reserves. Committee remarks also listed capital‑project…
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