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Independent auditors give Washington Unified clean opinion; trustees discuss reserves and GASB changes
Summary
James Marder & Company presented unmodified (clean) opinions on the district and bond audits for 2024–25; auditors highlighted increased assets tied to bond capital outlay, a 10.4% reserve level, and GASB 101 impacts on compensated absences. Trustees asked for clarification on actuarial changes and implications for future budgeting.
Independent auditors from James Marder & Company presented the district's 2024–25 financial audit and measure bond audits, issuing unmodified (clean) opinions on both the district financial statements and bond performance testing.
Audit findings and context: The auditor said total assets increased about $27.3 million, driven primarily by bond‑funded capital outlays; general fund revenues are down…
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