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Baker Tilly issues clean audit for Germantown; committee approves climbing wall donation and CESA contract, reviews van purchases
Summary
Baker Tilly reported an unmodified opinion on Germantown School Districtfinancials and no single-audit findings. The finance committee received the audit, reviewed timing-driven special-education deficits, was informed of the districtpurchase of two Transit vans, and approved a climbing-wall PTA donation and a CESA 6 math-center agreement.
Baker Tilly principal Paul Franz told the Germantown School District finance committee that auditors issued an unmodified opinion on the districtfinancial statements for the year ended June 30, 2025 — a clean audit — and reported no findings in the federal/state single audit required for districts that expend more than $750,000 in federal funds.
"We've issued an unmodified opinion," Franz said, noting the district added just over $1.2 million to general fund balance during the year and closed with about $10.2 million overall.
Franz summarized the composition of that balance, explaining restricted, committed and assigned amounts and reporting roughly $8.1 million in the unassigned (rainy-day) reserve, which he said equates to about a 16% reserve against operating costs. He recommended a fund-balance target in the 10%–25% range for districts as a prudent cash-flow practice.
The auditor also discussed typical control risks for small business offices, noting segregation-of-duties limitations and turnover can increase the chance of late reconciliations or coding errors. "Red flags obviously start with turnover," Franz said, adding auditors use tailored procedures around payroll, cash collections and payables when those risks are present.
During the committee's business review, Business Manager Britney Altendorf reported two leased 10-passenger Ford Transit vans reached lease-end and the district purchased them for about $14,000 plus fees each due to favorable mileage (roughly 34,000–35,000 miles) and current new-vehicle pricing; the item was presented for transparency and not put to a vote.
Altendorf also presented a donation from the Amy Bell Elementary PTA to install an NFPA-approved climbing wall in the Amy Bell gym. The committee moved, seconded and unanimously recommended the donation for full board approval.
Finally, Jake Mysiak summarized a proposed extension of a CESA 6 math-center contract that would exceed the district$15,000 threshold; the teaching and learning committee had recommended it. The finance committee approved the agreement with an amount not to exceed $9,127.
The meeting adjourned at 6:33 p.m.
