Springfield SD board accepts clean audit showing $7M in unassigned fund balance

The Springfield School District Board of School Directors on Nov. 20 unanimously accepted the district's audited financial statements for the year ended June 30, 2025, following a presentation by CliftonLarsonAllen.

Bob Kaufman, a manager with CliftonLarsonAllen's state and local government team, told the board there were "no material adjustments made or no uncorrected adjustments," and described the audit opinion as clean. Kaufman said new accounting standards (GASB 101 and GASB 102) had limited operational impact for the district this year and that the financial statements are "reasonably accurate," enabling the board to meet its fiduciary duties to students and taxpayers.

The audit presentation highlighted that the general fund finished about $2,260,000 better than budget and that the district reports roughly $7,000,000 in unassigned general fund balance, which Kaufman said amounts to about 8% of the district's roughly $93.6 million expenditure budget for the coming year. Capital activity included approximately $4.5 million in capital additions during the year and combined capital fund balances around $6.4 million.

Kaufman noted the audit did not reveal significant internal control deficiencies that required board-level communication. "There were no significant difficulties encountered during the audit relating to working with management and the district staff," he said.

Board members praised staff for their work preparing for the audit and thanked district finance personnel for completing the process. After a brief discussion, the board voted 7–0 to accept the audited financial statements.

The acceptance of the audit completes external review for the fiscal year; the board did not take additional action beyond the vote to accept the report.