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External audit: Richland 2 receives unmodified opinion; general fund strength noted
Summary
External auditors gave Richland School District 2 an unmodified (clean) opinion for FY25, reporting an increase in unassigned fund balance to $122.9 million (about 27% of expenditures), rising revenues and capital spending; auditors noted two financial-statement reporting items and recommended attention to pupil activity procedures.
External auditor Andrew Coleman of Greenfinicolor presented the Richland School District 2 audit to the board on Dec. 9 and reported an unmodified (clean) opinion for the district's FY25 financial statements.
Coleman told trustees the district's unassigned general fund balance increased by about $3.1 million to $122.9 million, representing roughly 27% of FY25 expenditures — above the Government Finance Officers Association's 16.7% guideline. General fund revenues…
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