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DeSoto board accepts annual financial report showing drop after ARP funds end
Summary
The DeSoto County School District board received its Annual Financial Report noting assets exceeded liabilities by $19.42 million but a net position drop of $3.54 million from the prior year tied to the end of American Rescue Plan funds; the board authorized filing the AFR for the auditor general's review.
The DeSoto County School District board on Feb. 10 reviewed and accepted its Annual Financial Report and authorized staff to file the report with the Florida Auditor General for the final audit due March 1.
Dr. Bennett presented highlights of the AFR prepared under Florida's uniform accounting system, saying, “As of 06/30/2025, the assets and deferred outflows of resources exceeded the liabilities and deferred inflows…
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