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Sunol Glen Unified accepts clean 2024-25 audit; state penalty for ELOP noncompliance
Summary
The board accepted the district's 2024-25 audited financial statements, which carried an unmodified opinion, and noted a state compliance finding that ELOP was not offered during required intersession days, triggering an $8,104 repayment.
The Sunol Glen Unified School District board voted to accept the district's 2024-25 final audit draft presented by auditors from I. Bailey, LLC.
"We issued an unmodified opinion," said Jonathan Ramirez, senior associate with I. Bailey, summarizing the firm's conclusion that the financial statements were presented fairly. Ramirez told the board the government-wide statements showed about $14,100,000 in assets and deferred outflows, $12,800,000 in liabilities and deferred inflows and a net position of roughly $1,300,000.
Ramirez told trustees the auditors found no audit findings in the financial statements, but did identify a state compliance issue: the Extended Learning Opportunity Program (ELOP) was not offered for at least 30 intersession days as required. "There was a $8,104 fiscal penalty," Ramirez said, describing the amount as the return of unused funds to the state.
District leaders explained that low enrollment during intersession would have required staffing costs that exceeded the available ELOP funding, so the district chose not to run the program during those non-school days and instead repaid unused funds. The auditors also reported capital assets of roughly $4.5 million and an ending general fund balance of about $2.0 million, with available reserves of 13.22%.
Board President moved to approve the audit and trustees voted in favor. The board also approved a related financial performance audit of the Measure J building fund during the same meeting.
