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RubinBrown plans clean audit for SLPS; board approves short‑term finance support contracts

St. Louis Public Schools Board of Education · January 28, 2026

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Summary

Auditors from RubinBrown reported they will issue a clean opinion for fiscal year 2025 financial statements but noted internal control comments in a management letter; the board approved the audit and authorized short‑term finance support contracts with LDR/ADM Services (not to exceed $130,000) and MSBA/Pam Frazier (not to exceed $110,000).

RubinBrown audit partner Renita Duncan told the St. Louis Public Schools board that draft audited financial statements, auditor communications and a management letter have been issued for fiscal year 2025 and that RubinBrown will issue a clean audit opinion.

"We are going to be issuing a clean audit opinion on the audited financial statements," Duncan said, noting that the audit work identified adjustments and that the management letter contains internal control comments the district is working to address. RubinBrown said it will help the district implement new processes and strengthen controls in the coming months.

Following the presentation the board moved, seconded and unanimously approved a motion "to approve the annual comprehensive financial report and the compliance report for the fiscal year ended 06/30/2025 as submitted by RubinBrown."

In response to the management letter, the administration requested short‑term contract authority to bring experienced finance personnel to the district. The board approved two separate engagements: (1) authorization to engage LDR/ADM Services LLC for contract finance support (retired CFOs) with a not‑to‑exceed amount of $130,000; and (2) authorization to engage the Missouri School Boards Association to provide finance department support from Pam Frazier at a rate of $150 per hour for a minimum of 90 days not to exceed $110,000. Doctor Berry said the intent is to shore up internal controls and address long‑standing recommendations without immediately drawing on the district's fund balance if vendor support can cover costs.

Administrators said details and contract scope will be returned to the board at the next meeting for review. The board then moved to adjourn to closed session under Missouri statute to discuss specified items.