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External auditor gives Kearney a clean opinion but federal audit remains draft pending OMB supplement
Summary
Westbrook & Company presented a clean (unmodified) draft audit of Kearney R‑I's finances; firm said the federal‑programs audit is on draft hold until the OMB compliance supplement is issued and final federal audit approval is expected in January.
Brian Eckoff of Westbrook & Company presented the district’s independent audit during the board meeting.
Eckoff said the firm is required to audit the district’s federal programs because federal expenditures exceed $750,000 and that the report is currently stamped "draft" because the OMB compliance supplement has not yet been issued. "We are not allowed to actually release your federal program audit," he said, and said the district will receive a financial‑statement audit for board approval at the December meeting and the federal audit once the compliance supplement is released.
Eckoff described the state and anticipated federal opinions as clean. He pointed to a $278,000 decrease in food‑service results this year, an unassigned general‑fund balance of about $10.4 million, $21 million of unspent bond proceeds in the capital projects fund and a general‑fund decrease of $913,000. The auditor also noted a reserve ratio of about 22.21 percent and a fall in average daily attendance to roughly 3,187.
On internal controls and federal testing, Eckoff said the audit identified no deficiencies and that special‑education cluster testing accounted for much of the federal testing work. He cautioned that if the new compliance supplement requires changes, additional federal work may be needed and the firm will return with any revised opinions.
Board members had no outstanding audit findings to act on; Eckoff offered to return if the compliance supplement produces changes.
