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Benzie board accepts 2024–25 audit showing $4.3M government-wide gain
Summary
Auditors issued an unmodified opinion for 2024–25; the district reported a $4.3 million increase in government‑wide net position while overall fund balance fell $3.2 million due to capital spending.
The Benzie County Central Board accepted the district's 2024–25 audit, which was issued the week of Oct. 27 with an unmodified opinion, the highest level of assurance.
Audit presenter Julie Burks of Dennis, Gartland & Niergarth told trustees the district showed a $4.3 million increase in government‑wide net position. At the fund level, overall fund balance decreased by $3.2 million largely because of capital outlays on sinking‑fund and bond projects; the General Fund's balance fell by about $713,000. The food-service fund remained within allowable balance limits, eliminating the need for a spend‑down plan for FY26.
Trustees did not propose amendments to the audit at the meeting and voted 5–0 to accept the review. Administrators said the district continues to spend more per pupil on instruction and supporting services than the state average but concluded the district remains in a healthy financial position.
