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Bolivar R‑I Board accepts clean FY24‑25 audit, hears fund balances and two management recommendations
Summary
KPM CPAs presented an unmodified (clean) opinion on Bolivar R‑I’s FY24‑25 financial statements; the board approved the audit. Presentation included fund balances (general, debt service, capital projects), $7.9M in restricted capital‑project proceeds from a 2024 bond, and two management recommendations on cybersecurity controls and upcoming GASB changes.
Wayland Mueller, a manager with KPM CPAs, told the Bolivar R‑I Board of Education the district’s FY24‑25 financial statements receive an unmodified (clean) opinion and can be relied upon as a fair presentation of the fiscal year. The board voted to approve the audit.
Mueller said the district ended the year with roughly $19.23 million in cash and investments across funds: about $6.1 million in the general fund, $1.56 million in debt…
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