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Richland 1 presents clean audit and CAFR; board approves FY24-25 report unanimously
Summary
CFO Sherry Matthews Hazel and external auditors reported an unmodified audit opinion and that the district maintained a 10% emergency fund; the board voted unanimously to approve the annual comprehensive financial report.
The Richland 1 Board of School Commissioners voted unanimously on Dec. 9 to approve the district’s 2024–25 Annual Comprehensive Financial Report (CAFR) after CFO Sherry Matthews Hazel and external auditors presented results showing a strong financial position.
Sherry Matthews Hazel told the board the district ended FY24-25 maintaining the required 10% emergency fund balance and assigned resources for instructional needs, staff…
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