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Board receives clean FY2024–25 audit, staff highlight fund‑balance gains
Summary
External auditors reported an unmodified (clean) opinion on Stafford MSD’s FY2024–25 financial statements, no internal control findings, and no federal single‑audit findings for major programs; the board voted 5–0 to accept the report.
External auditors told the Stafford Municipal School District board that they issued an unmodified opinion on the district’s fiscal‑year 2024–25 financial statements and found no internal control weaknesses requiring reporting.
"We don't have any internal control findings to report and no federal single‑audit findings related to the two major programs this year," the audit presenter said while summarizing the engagement team’s work. The presenter identified Title I and the special education cluster as the rotated major programs reviewed this year and said both received an unmodified opinion.
The presenter summarized high‑level figures for the district's fund balances and revenue mix, stating that property taxes continued to provide the largest share of revenue (about three‑quarters) and that the general fund showed an increase in fund balance of roughly $500,000 to about $3.94 million (figures reported by the audit presenter). A separate management letter will provide additional detail on required communications and minor items flagged during the audit.
Trustees voted 5–0 to approve the annual financial report as presented. The board chair said the result was "good news" and thanked audit staff for their work.
