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Lewisburg Area SD gets clean audit; board acknowledges report and approves routine budget items
Summary
Auditors gave Lewisburg Area School District an unmodified (clean) opinion for fiscal year ending June 30, 2025; the board acknowledged the audit and approved several routine spending and personnel items, including replacement coolers and the technology operating budget.
Auditors presented an unmodified, or "clean," opinion on Lewisburg Area School District's financial statements for the fiscal year that ended June 30, 2025, and the board formally acknowledged receipt of the audit before approving several routine budget and personnel items.
"We encountered no unusual transactions or difficulties with management during the course of the audit," said Kayla DeMar, a principal with the audit firm who presented the report. The auditors told the board they implemented GASB 101 (compensated absences) and GASB 102 (certain risk disclosures) this year and that the single‑audit testing of the child nutrition cluster covered approximately $560,000 (about 41.1% of federal expenditures subject to testing) with no reportable internal control or compliance findings.
The audit presentation included fund‑level changes the auditors emphasized for trustees. The general fund showed an increase in fund balance of about $1,700,000 and an ending general fund balance of roughly $10,000,000, the auditors said. The capital projects fund had a decrease of about $2,500,000, leaving an ending balance of about $1,100,000; auditors attributed that drawdown to ongoing projects, including sports‑complex upgrades. The auditors also reported an ending government‑wide net position noted as a deficit of $16,400,000 in the statements presented to the board.
Following the presentation, the board voted to acknowledge receipt of the independent audit. Doctor James moved the acknowledgement; Doctor Mattis seconded. The roll‑call vote recorded the motion carried.
Votes at a glance - Acknowledge independent audit — Moved: Doctor James; Second: Doctor Mattis; Outcome: approved by roll call. - Approve replacement of failing walk‑in coolers/freezers (funded from food service funds) — Outcome: approved by roll call. - Approve technology operating budget allocation — Outcome: approved by roll call.
The board's approvals included a motion to authorize replacements of failing kitchen walk‑ins (Kelly and high school locations). Speaker 18 told trustees the replacements would be funded from the food service fund's surplus; he also noted the fund balance discussion during Q&A.
The board and administration indicated the capital projects drawdown shown in the audit reflects planned work (roofs and other projects) and that fund transfers and future budget planning will be considered as part of the capital planning process.
