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Lakeland District auditor issues clean opinion; single-audit deferred pending federal guidance
Summary
Hayden Ross delivered a clean opinion on the district's financial statements and reported receipt of a $19.8 million state lump-sum for school modernization. The single-audit compliance report was delayed because the federal OMB compliance supplement for 2025 had not been finalized.
Hayden Ross auditor Tony Mattson told the Lakeland District board the firm issued a clean opinion on the district's financial statements for fiscal year 2025 and highlighted several large, one-time and ongoing items affecting the district's finances. The district ended the year with a general fund balance of about $4.3 million after $46,806,000 in general-fund revenues and $46,995,000 in expenditures, a net decrease near $189,000 that Mattson said was expected and better than the budgeted loss.
Matt…
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