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Board receives clean FY25 audit, hears $4.2M fund balance decrease and midyear FY26 snapshot
Summary
The district reported a clean FY25 audit opinion, a roughly $4.2 million drop in general fund balance (revenues ~$134M; expenditures ~$142M) driven by higher health care, salaries and lower CPPRT receipts; staff outlined cash‑flow timing issues and midyear fund snapshots and affirmed plans toward a balanced tentative budget in June.
The Board of Education accepted the district’s FY25 Annual Comprehensive Financial Report after staff presented highlights and next steps.
Rudy Mayo, director of business services, told the board the audit committee and external auditors issued a clean opinion for FY25. Staff noted several process items (timing adjustment for unearned revenue tied to the cafeteria transition to cashless payments; reconciling capital assets after a mid‑year system migration; and document retention improvements). Technology and data…
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