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Bolivar R‑I board accepts clean 2024–25 audit; management letters flag cybersecurity and GASB changes
Summary
The Bolivar R‑I Board of Education received a clean (unmodified) audit for FY 2024–25 from KPM CPAs, heard two management recommendations on cybersecurity and upcoming GASB reporting changes, and voted to approve the audit and a related consent-item check.
Bolivar R‑I school officials on Tuesday reviewed an independent auditor’s report that gave the district an unmodified — or “clean” — opinion on its 2024–25 financial statements and then approved that audit by voice vote.
Wayland Mueller, a manager and CPA with KPM CPAs, told the board the firm’s opinion letter states, “in our opinion, the financial statements referred to above present fairly,” and that the clean opinion means the statements can be relied upon as an accurate representation of the district’s finances for the year. Mueller walked the board through fund balances: the general fund held $6,100,000 in cash and investments, the debt service fund…
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