Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
D20 board accepts clean audit, redeems 2015 bonds and adopts meeting‑rules revisions
Summary
Academy School District 20’s board unanimously accepted a clean FY 2024–25 audit from CliftonLarsonAllen, approved early redemption of Series 2015 bonds (projected $342,000 interest savings) and adopted revisions to governance policy GP‑4.4 after public comment and a study‑session review.
The Academy School District 20 Board of Education unanimously accepted the district’s annual audit for fiscal year 2024–25 and approved several district financial actions during its Nov. 18 meeting.
Auditors from CliftonLarsonAllen presented an unmodified (clean) opinion, reporting no material weaknesses, significant deficiencies or corrected audit adjustments. ‘‘We have issued an unmodified or otherwise clean audit opinion,’’ auditor Sam Helwich told the board. The board then approved a resolution accepting the audit report.
Board members also voted unanimously to authorize early payment and discharge of certain Series 2015 general obligation refunding bonds after staff explained that the bonds had reached a callable date. The district said paying the bonds off in December will save taxpayers about $342,000 in interest.
Separately, after a study session and public feedback about signage and procedure for public comment, the board approved revisions to governance policy GP‑4.4 (Board Meetings). Board discussion acknowledged continued administrative discretion for implementing the new sign‑up and comment procedures.
All votes on the audit, the bond redemption and the GP‑4.4 revisions passed on roll calls with each member recorded as ‘‘Aye.’’
The meeting record shows no formal objections during the votes; several speakers in public comment urged greater transparency on how legal fees are budgeted and encumbered, an item the board directed staff to address in a future study session. The board also convened a separate executive session later in the evening for legal advice related to ongoing litigation, then returned and approved a settlement agreement tied to that matter.
What’s next: staff said the single‑audit report for federal awards remains pending because the federal compliance supplement has not been finalized; staff anticipate completing that work in the coming months and will update the board.
