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Board approves 2024–25 audit after review; actuarial study shows $14.9M OPEB liability
Summary
CliftonLarsonAllen presented the district’s 2024–25 draft audit showing a $5.2M net fund balance increase; the board approved the audit 6-0. A separate actuarial valuation reported approximately $14.9M in accrued OPEB liabilities and options for funding discussed.
Tina Burkholder, director of business services, introduced Mary Reddy of CliftonLarsonAllen, who presented highlights from the district's 2024–25 draft audit and financial statements. Reddy summarized general fund activity (revenues ~ $72.3 million; expenditures ~ $73.3 million) and noted a net positive change in fund balance of about $5.2 million and unassigned fund balance at $4.7 million.
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