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Independent audit confirms $2.4 million available for FY26; board hears tax-rate impact of high school bond
Summary
The district's independent audit confirmed a $2.4 million surplus available for FY26. Finance staff briefed the board on outstanding bonds, student activity account shortcomings noted in the management letter, and modeled tax-rate impacts if the district borrows the full authorized amount for the Burlington High School project.
The Burlington School Board heard an audit and budget update Feb. 4 that confirmed a $2,400,000 surplus available for fiscal year 2026 and outlined how the Burlington High School/Technical Center bond affects the city's tax rate.
Executive Director Lavery (finance) summarized the audit’s central finding: the auditors expressed an unmodified opinion that the district’s financial statements fairly present the district’s financial condition. "That confirmation is kind of…
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