Auditor gives clean draft but board tables final audit pending federal compliance supplement

External auditors presented a draft of Joplin Schools’ 2024–25 financial audit and administration recommended tabling final approval of the single‑audit portion until the federal compliance supplement is issued.

The auditor told the board the financial statements were presented fairly and described a net increase in fund balance of about $15 million for the year, with roughly $110 million in total fund balances as of June 30. The report highlighted a reserve ratio of about 73.57% and average daily attendance of 7,087. The auditor noted a clean/unmodified opinion on the financial statements and no findings for federal programs tested, while identifying two immaterial internal control recommendations related to cash receipts at activities and gate receipts.

The auditor explained the federal compliance supplement that guides single‑audit testing had not been released by the issuing agency; because the district exceeded the federal‑expenditure threshold for a single audit, auditors said they could not finalize the federal programs portion until they have that guidance. Administration recommended — and the board voted — to table final approval of the audit pending issuance of the supplement so the single audit can be completed and presented separately if necessary.

The board took no other formal action on the audit and will consider the completed single‑audit report when auditors finish testing and federal guidance is available.

The audit presentation was informational; the board moved to table final action and the item will return to the board once the federal compliance supplement is available.