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USD 475 accepts FY24 audit; auditors note one procurement lacking documented bids
Summary
Varney's auditors presented a clean FY24 audit for USD 475 and the board voted to accept it, while the auditor flagged one expenditure over $20,000 paid to Gov Link LLC that did not have a documented bid. The district's unencumbered cash and federal expenditures were also detailed.
The USD 475 Board of Education voted to accept the district's fiscal year 2024 financial audit after a presentation by Varney's auditors on Dec. 2.
April Swartz of Varney's told the board "there were no adjustments to the financials," and said the firm issued an unmodified opinion under the KMAG regulatory basis. Swartz walked trustees through the audit package and noted the district began the year with $118,824,908, collected $222,582,000 in receipts, expended $171,368,000 and ended with reconciled unencumbered cash reported in…
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