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Stigler board hears FY2025 audit, approves report with single documentation finding
Summary
Auditor presented the FY2025 exit report noting the district uses a regulatory accounting basis and found no material misstatements or internal-control deficiencies; one control comment flagged missing gift-card recipient documentation and staff said it has been corrected. Board approved the audit unanimously.
The Stigler Board of Education approved the district's fiscal year 2025 audit during its Jan. 12 meeting after auditors described the report and answered trustees' questions.
Jan, the auditor from the firm identified in the meeting materials, told the board the district's financial statements are prepared on the regulatory basis the state permits rather than full accrual accounting, which requires the audit to note that fixed assets are not listed. She said the auditors did not find material misstatements or significant internal-control deficiencies related to the financial statements or to the district's major federal programs, and that the district qualified as a single-audit entity because it expended more than $750,000 in federal funds.
Jan said the audit included one compliance/recordkeeping comment: documentation was not maintained showing who received 41 gift cards that had been purchased for JOM students and senior awards. "Gift cards are high-risk expenditures, so documentation must be clear," she told the board. When asked, staff said the absence was administrative and has since been remedied: "We fixed that," a staff member said during the meeting.
The auditors reviewed federal-program schedules, noting Child Nutrition and certain ESSER-funded activities as major programs that require close testing. Jan praised district staff for timely claims and coding of OCAS data and told trustees she found no findings that rose to the level of significant deficiencies or material weaknesses.
Board member Brett Orme asked directly whether any material issues had been identified; Jan replied, "That's right," confirming no material misstatements were reported. After discussion, the board voted to accept the FY2025 audit as presented.
The board's approval concludes the exit process and provides the documentation the district will submit to the State Department of Education and other required entities, a step Jan said will complete the audit engagement.
