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District audit returns unqualified opinion; security project nearing completion, capital reserve noted for upcoming budget
Summary
Business administrator reported an unqualified fiscal audit completed before the state deadline, a projected capital reserve for next year and near-completion of a school security project (doors, card strikes, locks).
The district business administrator reported that the independent fiscal audit for the 2023'24 year was completed and finalized before the state deadline (December 12) and returned an unqualified opinion. Auditors thanked business office staff for assistance during a thorough audit that included fiscal testing for payroll, purchasing, accounts payable and grants.
Financial highlights presented at the meeting included a projected capital reserve balance of roughly $6.8 million to be used in the 2025'26 budget and a general fund balance maintained at about 2 percent of general fund spending. The business administrator said pension information and other items were received on time and that the district completed two fiscal audits within eight months.
On facilities, the report said O'Hara Construction completed installation of interior doors and that the vendor CM3 had wired card strikes; key and lock installations were expected to be finished by the end of the week. The final piece of the security project is the installation of the transaction window at the high school, scheduled for either the Martin Luther King Day or the February break. The business administrator said auditors were unable to attend the meeting but met earlier with the finance committee.
No new construction contract awards or major budget decisions were finalized in the public portion of the meeting; the finance items on the agenda were approved by the board as part of the consent vote.
