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St Clair County Schools board accepts FY25 audit; auditors report no material misstatements
Summary
The school board accepted the FY25 audit after an auditor presentation that found the district's financial statements fairly presented with no material misstatements; auditors reminded the board they cannot provide absolute assurance. The board later addressed levy figures during a separate hearing.
The St Clair County Schools board voted to accept the district's FY25 audit following a presentation from district auditors who said the financial statements were prepared in accordance with generally accepted accounting principles and did not contain material misstatements.
"Statements were prepared using correct accounting principles. They do not contain material misstatements, and they are fairly presented," an auditor said during the presentation. The auditor added the firm cannot offer absolute assurance, noting auditors perform risk-based testing rather than 100% transaction checks.
Board member Nick moved to approve the audit and Karen seconded; the motion passed by voice vote. The auditors walked trustees through fund balances, including the general fund and food service fund, and highlighted that the district is above its internal operating-reserve threshold of 30–60 days of operating expenses.
The presentation covered other fund details: the community service fund balance was reported as just under $100,000 at the end of FY25, and the food service fund remained below the state-designated maximum allowable balance for that fund. Auditors encouraged the district to contact them if subsequent questions arise.
The board's acceptance of the audit was procedural; trustees later proceeded to a separate levy hearing and other agenda items.
The board also received routine reports on donations and community support, including a $17,680.09 gifts-foundation award used for instructional and performance equipment.
