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Auditor flags $723,980 variance; board schedules detailed bridge and pushes for staff presentation
Summary
An independent audit gave Tecumseh Public Schools an unmodified opinion but identified one noncompliance (expenditures exceeding appropriations) and a $723,980 variance for fiscal 2024‑25. Board members debated who should present the detailed reconciliation and agreed staff will provide a bridge next month.
An independent auditor presented the district’s financial statements and reported a clean (unmodified) audit opinion for the fiscal year ended June 30, 2025, but noted one noncompliance matter that resulted in a material finding and a remaining variance of $723,980 in the district’s fund‑balance reconciliation.
The auditor told trustees the district’s general‑fund total fund balance was $2,857,523 with an unassigned portion of $2,780,196, representing roughly 8.1% of annual operating expenses. The auditor said expenditures in the general fund exceeded the amounts appropriated in the budget and identified that condition as finding 2025‑001 in the audit schedule of findings.
Board membe…
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