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Auditors give Minnetonka a clean FY25 opinion; district posts amended FY26 budget and previews legislative asks
Summary
CLA auditors reported an unmodified FY25 audit opinion and a $179,000 corrected food‑service receivable. Executive director of finance presented an amended FY26 general operating budget of about $178.4 million and a projected $3.9M surplus, but noted FY28 risks tied to state special‑education changes; district staff recommended 2026 legislative priorities including restoring prior local levy capacity and indexing local optional revenue for inflation.
Auditors from CLA presented the Minnetonka School Board with the results of the fiscal‑year 2025 external audit on Nov. 20 and identified no material exceptions.
"Our audit opinion is unmodified," said Trey Gabler, summarizing the firmpresentation. Auditors said they provide reasonable (not absolute) assurance, noted an accounting correction that increased a food‑service revenue receivable by about $179,000 and flagged an internal‑control reconciling item tied to that fund. The auditors also discussed accounting standards changes (GASB statements) that…
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