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Kirkwood Board accepts 2024–25 audit, approves November financial statements
Summary
The Kirkwood School Board accepted an unmodified audit opinion for fiscal year 2024–25 and approved November 2025 financial statements. Auditors reported a roughly $63 million governmental fund balance and no reportable federal or state compliance findings.
The Kirkwood R‑VII School Board on Dec. 15 accepted the district’s 2024–25 financial audit and approved the November 2025 financial statements.
Christina Jackwin, audit manager with Hahn Camp, told the board the auditors rendered an opinion that the district’s financial statements are fairly presented in conformity with the modified cash basis of accounting for the year ending June 30, 2025. Jackwin reported the district’s total governmental fund balance was approximately $63,000,000, an increase of about $6,000,000 from the prior year; operating funds (general and special revenue) held about $58,000,000, with roughly $42,000,000 unassigned. She said the audit found no internal control deficiencies or instances of federal or state noncompliance that must be reported.
Board members thanked audit staff and district finance personnel. During the same session, district finance staff reviewed November operating revenues and expenditures. The board heard that November operating revenues were about $1,710,000, state revenues included a $230,084 DESE grant for evidence‑based reading and child nutrition was the major federal program for the audit year. The district’s self‑funded insurance fund outpaced claims with premiums by about $20,000 for the month.
Following the presentations, the board voted to accept the audit report and to approve the November 2025 financial statements as presented.
The audit acceptance and the financial statement approval close routine year‑end and monthly financial business; the district’s finance team said it will continue monitoring revenue timing issues tied to delayed county collections.
