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District accepts clean audit, approves new superintendent contract and authorizes bond hearings amid $18M deficit
Summary
The board accepted a clean audit, approved a three-year contract for Dr. Terrence Jordan ($230,000 base salary), and approved resolutions to pursue public hearings and authorization steps for general obligation, alternate revenue and working cash bonds as the district confronts an $18 million deficit.
Springfield School District 186's board accepted the district's annual comprehensive financial report, voted to approve a new three-year contract for Dr. Terrence Jordan as superintendent and approved resolutions initiating bond hearings and authorizations as it pursues deficit-reduction measures.
Auditor Scott Dunzer of Wipfli presented the audit and said the firm issued an unmodified (clean) opinion on the district's financial statements for the fiscal year ending June 30, 2025, and reported no reportable internal-control deficiencies or material weaknesses. The audit notes a roughly $7.5 million decline in the district's net position to about $47 million; district staff said continued deficits mean fund balance will…
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