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Board praises audit, approves 2024–25 financial statements; committee recommends vehicle purchase and contract changes
Summary
The finance committee reported eliminating a $24 band rental fee, recommended purchasing a new maintenance vehicle, and moving fuel purchases to Synergy Cooperative; the full board approved the 2024–25 audited financial statements with no audit findings requiring adjustment.
The Rice Lake Area School District’s finance committee reported several items and the full board approved the district’s 2024–25 audited financial statements.
Finance committee members said the committee approved eliminating a $24 band instrument rental fee and authorized purchasing a maintenance vehicle from Don Johnson Motors. The committee also reported that future fuel purchases would be procured from Synergy Cooperative following an RFP. Committee members described ongoing work on 2627 budget reduction options and potential OPEB language changes.
The board moved to approve the 2024–25 audited financial statements and governance communication. A presenter described only one adjusted journal entry tied to self-insurance estimates and said there were no audit findings. The motion to approve the audited statements was made, seconded and approved by voice vote. Board members commended the audit results.
