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District audit: unqualified opinion; fund balance strong but state budget risk flagged
Summary
External auditors gave Baldwin-Whitehall an unqualified (clean) draft opinion for 2024–25 and reported a roughly $31 million fund balance and $86 million in debt. Administrators warned that a state budget stalemate could exhaust district cash by February without action.
External auditors presented a draft audit for the 2024–25 fiscal year and issued an unqualified (clean) opinion, the highest level of audit opinion, the auditors told the board.
Grant Martin and Chad Agnew, the auditors, summarized key financial metrics: the district’s five-year fund-balance history showed about $31 million in total fund balance with roughly $3.3 million in net income for the year; total bonded debt is presented at about $86 million. Auditors cautioned that fund balance is an…
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