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Moline-Coal Valley posts clean 2025 audit; district revenue dips about $1.2 million
Summary
The Moline-Coal Valley CUSD 40 board received a clean annual audit showing a financial profile score of 4, a $149.3 million revenue total for 2025 (down about $1.2 million year-over-year) and no audit findings; auditors noted a newly recognized compensated-absence liability of about $13.6 million under full-accrual accounting.
The Moline-Coal Valley Community Unit School District 40 board on Nov. 10 received a clean 2025 audit showing no findings and a top financial profile score of 4.
Auditor Mr. Gallo and presenter Sarah Banzai told the board the district's total revenues for the 2025 fiscal year were about $149.3 million, down roughly $1.2 million from 2024. Banzai said the decrease largely reflected a 33% reduction in corporate personal property replacement tax receipts, about $3.2 million, offset in part by an increase of roughly $3.3 million from the state's evidence-based funding formula and higher property-tax…
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