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Auditor: Waynesville R‑VI receives clean FY25 opinion; reserves and federal awards highlighted

Waynesville R-VI Board of Education · December 16, 2025
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Summary

KPM CPAs presented a clean (unmodified) FY25 audit for Waynesville R‑VI, reporting a roughly $25 million general fund balance with a 30.24% reserve, no state or federal compliance findings, and capital projects funding increases tied to certificates of participation for the new school.

The district’s independent auditor, Rebecca Baker of KPM CPAs, presented the fiscal year 2025 audit to the Waynesville R‑VI Board of Education and reported an unmodified—commonly called a clean—opinion on the district’s financial statements.

Baker summarized key figures from the audit: the general fund increased by about $899,000 to approximately $25 million, with roughly $23 million unrestricted and a reserve of about 30.24 percent, which the auditor characterized as healthy. The capital projects fund rose by roughly $55.9 million, largely because of certificates of participation totaling about $49.4 million issued for the new school project; total cash across funds increased by roughly $56.8 million as of year‑end.

On compliance testing, the auditor said the state compliance examination and the federal single audit did not produce findings for the district. Total federal awards expended were reported at about $29.7 million, with impact aid representing approximately $21 million of that total; because of threshold levels, impact aid was the program selected for testing in the federal compliance audit.

Baker also reviewed the management letter recommendations, including an upcoming accounting pronouncement that will require narrative on original versus final budgets in the audit report, a reminder about cyber security best practices, and standard reminders on stipends and extra‑duty pay procedures.

After the presentation administration recommended approval of the FY25 audit and the board voted to accept the audit as presented. The business office was instructed to publish required pages of the audit report within 30 days, per the auditor’s notes.