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Auditors give Dunlap CUSD 323 a clean FY25 opinion as leaders review reserves, transfers and pension exposure
Summary
Auditors issued an unmodified opinion on Dunlap CUSD 323’s FY25 financial statements and found no internal-control findings; board members pressed staff on reserve months, transfers to capital projects and actuarial TRS amounts that affect reported liabilities.
Russ Rumboldt, the district’s auditor, told the Dunlap CUSD 323 board on July 1 that the auditors issued an unmodified ("clean") opinion on the fiscal year ended June 30, 2025, and reported no findings in the internal-control report. "The opinion that we issued on the financial statements is an unmodified opinion," Rumboldt said.
The audit packet highlights where the district’s money sits. Rumboldt pointed board members to the fund-balance summary and a handout showing a net operating-equity figure of about $36.6 million for core operating funds, while noting the total fund-balance number printed in the report includes large non-operating balances tied to capital assets and restricted funds.
Rumboldt reviewed…
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