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Board approves Sheridan County School District #3 audit; auditor reports clean opinion and recommends stronger internal controls
Summary
The board accepted the district's 2024-25 audit, which found no compliance issues and noted growing reserves while urging compensating controls for segregation-of-duty risks common in small districts.
The Sheridan County School District #3 Board of Trustees voted to accept the district's most recent financial audit after an auditor presented a clean opinion on the district's financial statements.
Auditor James (identified in the meeting as the presenting auditor) told the board the audit found no instances of noncompliance with contracts, grant agreements, ADM requirements, school lunch rules, state statutes or federal tax requirements. He said the audit team issued a clean opinion on the district's financial statements and that the district's books and records were "in tremendous shape."
James said the district's total cash reserves as of June 30 were $3,668,000, an increase of $192,000…
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