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Trustees briefed on FY25 audit engagement, $88,000 fee and ESSER single-audit
Summary
Staff told trustees the district's upcoming audit engagement for fiscal year 2025 will cost about $88,000 (a 3.8% increase) and will include a single-audit for ESSER funds because federal grant spending exceeded $750,000.
Trustees were briefed that the district's audit engagement for the 2025 fiscal year is expected to cost about $88,000 and will include a single-audit for ESSER grant funds.
The presentation said the FY25 engagement represents "about a 3.8% increase over last year's" fee and that "this will be the last and final of the ESSER dollars." The speaker explained that because spending exceeded the federal single-audit threshold, "it'll be a still a single audit ... over the $750,000 threshold." The presenter described on-site work typically occurring in July and August with follow-up visits and electronic document exchanges.
Why this matters: single-audit requirements trigger additional testing and reporting for districts that expend significant federal awards, and those procedures can increase staff time and audit fees. The presenter said the district can use a 30-day or 60-day state extension on its audit filing deadlines, moving an October 15 deadline to November 15 (30 days) and, at most, another 30 days to mid-December, per state limits.
Trustees asked and staff described timing and workload: auditors are "boots on the ground" in July with heavy site work in late July/early August, typically 3–4 days on-site plus follow-ups. Staff also noted the continuity benefit of using the same audit firm for OPEB census rollovers and related testing, which are done every other year.
No formal motion or vote on the audit engagement was recorded in the transcript; the item was presented for inclusion on the next agenda for approval.
