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Board accepts independent audit showing clean statutory opinion; auditors flag payroll and sales‑tax fund issues
Summary
An independent audit for year ending 06/30/2025 reported a clean statutory opinion; auditors noted an employee was underpaid by $2,000 and a negative balance in the sales‑tax activity fund. The board voted to accept the report.
The Holcomb School Board voted to accept the independent audit for the fiscal year ending June 30, 2025, after a presentation from auditors. Chastity of Kennedy McKeon Company told the board the audit on the district’s statutory basis resulted in an unmodified (clean) opinion.
Chastity summarized key figures: the district’s unencumbered cash balance declined by about $1,800,000 year‑over‑year largely because of capital outlay, cash on hand was about $6,500,000 and the bank balance about $7,400,000. She also reported one specific finding: “there was 1 instance where 1 employee was paid $2,000 less than what their stated contract was,” and recommended a payroll review to ensure contracts match system entries. The audit also flagged a negative cash balance in the sales‑tax activity fund, which the auditors noted should be resolved in routine accounting and transfers.
After questions, Dr. Myers recommended acceptance of the audit. Sean moved to accept the report, Jerry seconded, and the board voted unanimously to accept the audit as presented. The auditors said they will file the required reports with KSDE and municipal services.
