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Yukon audit shows healthy fund balances; board approves consent and personnel dockets and flags potential $20 million hit from proposed ballot measure
Summary
Auditor Jay States reported a broadly positive fiscal-year 2025 audit and no material weaknesses; the board approved finance and business consent dockets, convened an executive session on personnel, and members warned a proposed State Question 842 could cut roughly $20 million in ad valorem revenue to the district.
At its meeting, the Yukon School Board heard the fiscal-year 2025 audit from Jay States of S and B CPAs, who described the audit as having three opinion letters and noted the district met uniform guidance reporting because it spent more than the $750,000 federal threshold for the year.
Jay States told the board the district had roughly $28 million in total cash and fund balances in the general fund. He reviewed special revenue and capital-project fund breakouts and described the child nutrition and activity funds. On the audit's opinions, he said there were no…
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