Parkway audit returns unmodified opinion; board approves 2024–25 audited financial statements

KEB engagement partner Brian Wartz presented the district—s financial audit during the Dec. 10 meeting and reported an unmodified opinion on the 2024–25 financial statements.

Wartz explained auditors follow generally accepted auditing standards and government auditing standards, summarized management—s and auditors' responsibilities, and said the audit identified no material weaknesses or reportable instances of noncompliance. He also said KEB issued unmodified opinions on federal-program testing (the child nutrition cluster) and the DESE-required attestation work. Wartz noted the auditors reviewed significant estimates such as net pension and OPEB liabilities and that implementation of a new GASB standard for compensated absences was immaterial to the statements.

After the presentation board members thanked auditors and staff. The board then moved to approve the 2024–25 audited financial statements; a roll-call vote recorded Yes from all members and the motion carried 7-0.