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Glide SD 12 audit: outside auditor gives district an unmodified opinion
Summary
An external audit presented at the school board meeting found no internal control or fraud issues and reported a clean (unmodified) opinion for fiscal year ending June 30, 2024, with the auditor highlighting revenue increases and lingering pension liabilities.
The Glide School District received an unmodified audit opinion for the fiscal year ending June 30, 2024, auditor Vicky Rapp told the school board at its January meeting. Rapp, a partner at Neuner Davidson & Company, said the audit found no internal control weaknesses or signs of fraud.
Rapp summarized the district's headline figures: an ending net position of $14,564,370 (an increase of just over $2 million from the prior year), an ending fund balance of about $5.35 million (down roughly $549,000), and cash of $5,573,862 (down about $121,930). Total government‑wide revenues were $15,782,016, about $2.1 million higher than the prior year; the auditor said state funding represented roughly 32% (about $5.0 million) and federal funding about $2.3 million, much of that tied to ESSER allocations.
Rapp also flagged pension obligations: the district's PERS unfunded liability stood at $6,675,276, an increase of about $498,000 from the prior year, and she noted that actuarial assumptions can produce year‑to‑year volatility. "We gave the district an unmodified opinion, which in layman's terms is a clean audit," Rapp said.
Board members thanked the auditor and district staff for their work preparing the financial statements. The presentation closed without follow‑up action; Rapp offered to answer additional questions by email if board members needed more detail.
The audit figures presented at the meeting will be included in the district's official financial statements and posted with meeting materials per usual practice.
