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Auditors issue unmodified opinion; board approves 2025 annual financial report
Summary
Holman Franny Allison presented the 06/30/2025 annual comprehensive financial report and auditors' management report, issued an unmodified opinion, noted a prior-period adjustment for compensated absences, and the board approved the report with a roll-call vote.
Auditor Jerry Conaby, representing Holman Franny Allison, told the board the district's 06/30/2025 financial statements received an unmodified opinion and highlighted a prior-period adjustment tied to a new accounting standard on compensated absences.
Conaby also described a repeat finding: excess cash in the school food service fund, for which the district is implementing a multi-year plan to draw down balances and adjust meal pricing. After a brief question period, the board moved, seconded and approved the annual comprehensive financial report and related management recommendations by roll call.
