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Valley Central board accepts external audit and corrective action plan; auditors issued unmodified opinion
Summary
External auditors told the board they will issue an unmodified opinion on the district’s financial statements for the year ended June 30, 2025; the board unanimously accepted the audit report and the corrective action plan.
Bonadio auditors presented the results of the district’s external audit for the fiscal year ended June 30, 2025, and the board voted to accept the report and a corrective-action plan at the Sept. 20 meeting.
Alan from Bonadio told trustees the audit would be issued with an unmodified opinion — the highest level of assurance — and that auditors did not identify material weaknesses or significant deficiencies in internal control and found no instances of reportable noncompliance.
He highlighted several financial figures from the audit: the general fund ended the year with a total fund balance of about $30,800,000 and an unassigned fund balance of approximately $5,300,000; the capital projects fund had a balance of about $7,600,000 and the school lunch fund about $754,000. The auditor said the general fund’s fund balance grew by approximately $3,000,008.22 for the year.
After the presentation the board moved to accept the external audit report and later accept the corrective action plan; both motions passed unanimously (votes recorded as 7-0). Trustees thanked the business office staff for their work in completing the audit.
What's next: the accepted audit will be filed as part of the district’s financial records and the corrective-action plan will guide any administrative follow-up identified during the audit.
