School board accepts clean audit showing modest net position growth
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Summary
The Burlington Area School District board accepted the 2024-25 financial audit with an unmodified (clean) opinion. Revenues were reported at about $48.4 million and expenditures near $47.7 million; net position increased to roughly $24 million, up about $3 million year-over-year.
Tyler Golstead, director of business services, presented the district's 2024-25 final audit to the board on Jan. 12, reporting a clean (unmodified) opinion.
"Whitley completed the audit this year, with an unmodified clean opinion," Golstead said, noting no material weaknesses or instances of noncompliance.
Golstead summarized key figures: general fund revenues of about $48.4 million, with state aid as the largest revenue source (~$25 million), expenditures near $47.7 million, and a net position of roughly $24 million (an increase of about $3 million). He recommended continued monitoring of state aid and enrollment trends.
The board moved to approve the final audit. The motion was approved in a roll-call vote with all members present voting 'Aye.'