Independent auditor issues clean opinion on Spring Lake Park’s FY2025 financials, notes one compliance finding

LB Carlson partner Erin Nielsen presented Spring Lake Park Public Schools’ annual comprehensive financial report for the fiscal year ended June 30, 2025, and delivered an independent auditor’s opinion.

Nielsen said the firm issued an unmodified (clean) opinion on the basic financial statements and found no material weaknesses or reportable instances of noncompliance under government auditing standards. He reported one compliance finding under Minnesota’s compliance guidance: 2 of 25 invoices tested were not paid in a timely manner, which resulted in a recommendation to correct payment‑timing processes.

Nielsen reviewed enrollment trends, fund balance components and internal service fund activity. He highlighted that general‑fund revenues totaled about $93.2 million and noted personnel costs (salary and benefits) constitute the largest share of expenditures. He also flagged rising health‑benefit claim costs in the district’s internal service funds, which reduced reserves compared with the prior year.

Nielsen said the federal single audit supplement had been delayed by the federal government’s schedule, but the supplement has now been released and he expects the single audit report to be completed by the March 31, 2026 deadline.

Board members thanked auditors and business staff; one board member emphasized the district’s sustained fiscal responsibility and noted awards for excellence in accounting and clean audits in recent years.

Next steps: administration will address the payment‑timing finding and the single audit will be completed and filed by the auditor by the federal deadline.