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Kewanee CUSD 229 Board accepts FY2025 audit showing $17.1 million in operating fund equity
Summary
Board received the 2024-25 audit from Gorenz & Associates reporting total fund equity of $86,414,300 and net operating fund equity of $17,085,263; the board voted unanimously to approve the audit and recommended transfers and adjustments.
Russ Rumbold of Gorenz & Associates presented the Kewanee Community Unit School District No. 229's 2024-25 audit at the board meeting on Oct. 20, 2025. The audit reported total fund equity of $86,414,300 and fixed assets totaling $63,392,756, which leaves net operating fund equity of $17,085,263 as of June 30, 2025.
"As of June 30, 2025, the total fund equity for the District was $86,414,300," Russ Rumbold said while…
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