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Independent auditor gives Weldon City Schools a clean opinion, flags one internal-control timing issue
Summary
The district’s independent auditor issued a clean (unmodified) opinion for the 2025 financial statements, reported stable fund balances and a small school‑nutrition program loss, and noted one finding tied to late payroll liability reconciliations amid finance‑office turnover; auditors said the issue did not result in questioned costs.
An independent audit presented to the Weldon City Schools Board of Education concluded with a clean (unmodified) financial‑statement opinion for the year ended June 30, 2025, and with compliance reports on state and federal grant programs also issued without findings.
The auditor highlighted the general fund’s position as of June 30, 2025, reporting roughly $1.8 million in total assets and a general-fund balance at about $1.68 million — an increase of roughly $601,000 compared with the previous year, the presenter said. The school‑nutrition program recorded a small loss (about $19,277) and had cash reserves near $186,000 at year‑end.
On compliance testing, state and federal grant audits were clean. The only formal audit finding (Finding 25‑01) related to internal control: payroll‑liability account reconciliations were not completed in a timely manner during the year because the finance office experienced substantial staff turnover. The auditor said the reconciliations were performed once requested and that the delay did not result in questioned costs, loss of funding, or material misstatements; the finance officer (Kathy Kidd) told the board she believes the matter has been resolved.
The auditors also issued a management letter with routine recommendations, including converting to automated timekeeping, improving purchase‑order timing, and addressing outstanding checks older than one year. Staff said several recommendations are already in the implementation pipeline as part of an upcoming software rollout.
Next steps: Board members acknowledged the report and asked staff to continue implementing management‑letter recommendations and to report back on progress.
