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Sheridan County School District No. 2 board approves clean 2024–25 audit, moves $2.5 million to depreciation reserve
Summary
Trustees accepted an audit finding the district's financial statements fairly presented under GAAP, with no significant internal-control deficiencies; the board approved a $2.5 million transfer into depreciation reserves and noted a negative balance in major maintenance and a food-service deficit tied to pension liability.
The Sheridan County School District No. 2 Board of Trustees voted to accept the district's 2024'25 audit after a presentation by the district's auditors.
Lead auditor Jamie told the board that "it is our opinion that these financial statements are presented fairly in all material respects in accordance with GAAP." The audit found no significant deficiencies or material weaknesses in internal control and…
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