Auditor gives Kuna Joint District ‘clean’ opinion; general fund shows $1.15 million loss for year

Dan Coleman, the auditor from Quest CPA, told the Kuna Joint District board the firm issued an unmodified (clean) opinion on the district’s financial statements and two additional reports with no findings.

Coleman said the district’s three required reports — the independent financial-statement opinion, an interim-controls report and a federal "single audit" for major programs — were all clean. He said the district’s single audit was required because the district spent about $3.2 million in federal funds during the year.

The clean reports matter because they confirm the district’s books were prepared in accordance with accounting standards and that major federal programs were administered in compliance with applicable guidance, Coleman said.

Coleman reviewed major-fund results for the year ending June 30, 2025. He reported a net loss in the general fund of $1,148,009.97, with an ending general-fund balance of $10,283,922. He noted the district’s average monthly outflow is roughly $4 million, making the ending balance roughly a two-and-a-half-month operating reserve — inside the auditor’s recommended range of one-and-a-half to three months.

Coleman said the child-nutrition fund recorded a loss of $251,000 and ended the year with a balance of $207,997; he described that level of loss as typical for many districts of Kuna’s size and said the district could transfer general-fund dollars to cover the program if the balance worsens.

The bond fund carried $5,560,005.46 at year end, Coleman said, sufficient to cover fiscal-year 2026 debt payments he estimated at about $4.7 million.

Coleman also pointed trustees to $24,869,569 in state modernization (bond) money that is generally restricted to capital projects; he reminded the board that interest earned on those restricted funds may be transferred to the general fund and used for routine maintenance if the board chooses to do so.

Looking ahead, Coleman noted two accounting changes: the federal single-audit threshold is rising from $750,000 to $1 million (which will not affect Kuna because it spends comfortably above either threshold), and upcoming state account-code changes that will retire a few funds and account numbers.

The auditor opened the floor for questions; trustees offered brief thanks and no formal follow-up actions were recorded in the portion of the transcript covering the audit presentation.

Coleman concluded by saying the district’s financial statements and internal-review processes were adequate for the district’s size and that there were no audit findings to report for the year.