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Board accepts clean 2023–24 financial audit; district reports $350M in assets and healthy reserve
Summary
Auditor Westbrook and Company presented an unmodified (clean) opinion on Springfield R‑XII—s 2023–24 financial statements; the district reported roughly $350 million in assets, a general fund near $109 million, $182 million in unspent bond proceeds, a 30% reserve ratio and a modest $8.6 million decrease in fund balance for the year.
The Springfield R‑XII Board of Education unanimously accepted the district—s 2023–24 financial audit on Dec. 17 after a presentation by Brian Ackoff of Westbrook and Company.
Ackoff told trustees the independent auditors issued an unmodified (clean) opinion and identified no deficiencies in internal control or the district—s federal programs testing. Key figures presented included roughly $350…
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