Springfield R‑XII board accepts clean 2024–25 financial audit; reserves and unspent bond proceeds noted

Springfield R‑XII’s board unanimously accepted the district’s 2024–25 financial audit after auditors from Westbrook & Company presented an unmodified (clean) opinion and said they found no material findings.

"This says presented fairly," auditor Brian Eckhoff told the board as he walked through the independent auditors’ report and financial statements. Eckhoff said the district’s various funds totaled about $304 million, with approximately $104 million in the general fund, a capital projects fund holding unspent bond proceeds of about $140 million, a debt‑service balance near $30 million, and an unassigned balance of roughly $90 million for day‑to‑day operations. He also noted $750,000+ in federal expenditures required a single‑audit and reported no findings in that testing.

Eckhoff described the audit opinion as clean and highlighted a reserve ratio of roughly 28.58%, which he identified as a healthy position for the district. He summarized that revenues and expenditures rose in typical patterns, and that capital project spending included about $68 million on facility acquisition and construction during the fiscal year.

Board member Thomas Tate moved to accept the audit as presented; Board member Mohammed Khani seconded. The board voted unanimously, 7–0, to accept the report.

What’s next: With the audit accepted, the district will continue capital projects funded by the bond program and staff said the capital projects fund balance will be spent on future construction and previously approved contracts.