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Clark Board accepts 2024–25 audit showing roughly $10 million fund balance and a single purchasing recommendation
Summary
Auditor reported an unmodified ("clean") opinion for fiscal year ending 06/30/2025, with total fund balance of about $10 million and one general comment recommending better documentation for cooperative purchasing contracts.
The Clark Public Schools Board of Education accepted the district’s annual audit for the year ending June 30, 2025, which included an unmodified auditor’s opinion and a fund-balance breakdown that officials said will help offset future tax levies.
Auditor Andrew Parente of the auditing firm summarized the annual comprehensive financial report and the auditor’s management report. "That opinion is an unmodified opinion. That's a clean opinion," Parente said, adding that the district’s financial statements were "fairly stated and free [of] material misstatement." The district’s fund balance at June 30, 2025, was reported at approximately $10,000,000.
Parente provided a line-item breakdown: roughly $3,300,000 classified as excess surplus (to be used to offset taxes in the 2026–27 budget), about $2,900,000 designated for subsequent-year expenditures (used in the 2025–26 budget), a capital reserve near $800,000, a maintenance reserve of about $957,000, encumbrances of roughly $600,000 (mainly restroom alterations at ALJ), and approximately $1,100,000 unassigned.
The auditor reported one recommendation, categorized as a general comment, concerning purchasing practices. Parente recommended that contracts awarded through national cooperative purchasing agreements be advertised, that a low-cost-savings analysis be completed, and that amounts reported on vendor invoices be verified against cooperative-contract documentation.
Board members did not propose further action at the meeting; Parente said he would answer questions and that the management report includes any findings and recommendations for follow-up.
The board’s acceptance of the audit means the district will use the identified reserves in upcoming budget cycles, and the auditor’s purchasing recommendation will be available to the finance committee for implementation or response.
