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Elko County School District accepts audit, approves budget augmentations as officials warn of deeper cuts ahead
Summary
The board unanimously accepted the district audit and approved December budget augmentations after staff reported a $7 million revenue shortfall tied to declining enrollment and the state's pupil-centered funding true-up; officials warned personnel reductions or school consolidations may be needed.
The Elko County School District board accepted the district's FY2025 audit and approved a suite of budget augmentations on voice votes Tuesday, as district leaders unveiled an audited general fund balance that fell to $4.8 million and laid out measures to close a multi‑million dollar shortfall.
The audit presenter, Terry Gage of Eide Bailly, said auditors issued an unmodified opinion on most fund financial statements but a qualified opinion on governmental activities related to GASB 101 (compensated absences). "We have an unmodified opinion on the majority of the statements. We have what we call a qualified opinion on the governmental activities," she told the board, citing reporting discrepancies tied to a system conversion.
CFO Cassi…
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