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Hannibal 60 audit shows clean financial opinion but flags repeat school-meal reporting error
Summary
Auditors gave Hannibal 60 an unmodified (clean) opinion on its financial statements for the year ended June 30, 2025, noted $30 million in recent bond proceeds and a $20 million rise in capital projects, and recorded a repeat finding in the federal nutrition program that the district says it has corrected and addressed in an action plan.
The audit presenter summarized the Hannibal 60 School District audit for the year ended June 30, 2025, reporting an unmodified (clean) opinion on the financial statements and unmodified opinions on state and federal compliance sections.
The presenter said the district’s general fund increased by $783,000, the debt service fund rose by $126,000 and capital projects grew by about $20,000,000, largely driven by bond issues. The district issued $30,000,000 in bond proceeds during the…
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