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Independent auditors give Onalaska School District a clean opinion, board hears financial highlights
Summary
Board auditors reported an unmodified (clean) opinion on the district's fiscal 2024 statements, noting a net position of about $53.5 million and net increases driven largely by conservative spending and bond-funded capital activity; auditors found no material weaknesses or federal/state findings.
The district's independent auditors reported an unmodified, or "clean," opinion on the Onalaska School District's 2024 financial statements, telling the board the statements were presented fairly in all material respects.
The auditor said the district's total net position is about $53,500,000 and that governmental activities increased by roughly $9,300,000 during the year. The presenter also reported the governmental funds' combined fund balance was about $46,000,000 and that the general fund increased by roughly $2,000,000, citing conservative spending and strategic use of grant funds.
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