Herbein & Company partner Chris Turtle presented the Wilson School District's financial and compliance audit for the year ended June 30, 2025, telling the board the firm issued a modified clean opinion and found no material weaknesses in internal control over financial reporting.

"Happy to report a modified clean opinion," Turtle said, praising district accounting and internal controls. He reported the general fund ended the year with approximately a $200,000 deficit that was covered by committed fund balance, leaving total general fund reserves of about $35 million and an unassigned reserve of roughly $6.5 million — about 4.2 percent of next year’s budget, which the presenter said complies with district policy and exceeds a stated 3 percent breakeven threshold.

Turtle said expenditures finished about 2.9 percent under budget and noted positive variances in collections, business privilege receipts and state ready‑to‑learn supplements. He also reviewed enterprise funds: food service ran a surplus of about $235,000 (an adjusted reserve of about $2.3 million), while the childcare fund experienced a loss this year but retained a net position of about $1,000,000.

The auditor said no proposed journal entries or reportable matters were required and that the audit encountered no difficulties. The board received the audit report as part of finance items later in the meeting.

Separately, finance committee members noted the district experienced earlier revenue delays due to late state funds and slightly lower interest earnings, but estimated the committee's work trimmed about $1,000,000 from a projected deficit for the year ahead. The board subsequently approved a combined set of finance motions, including receiving the audit report and adopting an accelerated budget opt‑out resolution for fiscal year 2026–27.