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Kenyon‑Wanamingo audit shows clean opinion; general fund posts $145,000 surplus
Summary
Auditor Jason Boynton told the board Smith Schafer issued an unmodified opinion on the district’s fiscal‑year financials; enrollment fell about 17 ADMs (≈2.5%) and the general fund moved from a deficit the prior year to a $145,000 surplus.
The Kenyon‑Wanamingo School District board on Nov. 17 reviewed and approved the district’s financial audit for the year ended June 30, 2025, after a presentation by auditor Jason Boynton of Smith Schafer.
Boynton told the board the firm issued an unmodified — commonly called a “clean” — opinion on the district’s financial statements and reported no findings for legal compliance or internal controls. “We feel confident issuing an unmodified opinion,” he said. He also said the state reconciliation process could adjust some estimates, such as special‑education revenue, when final numbers are calculated in March.
The presentation highlighted enrollment and revenue trends the district will monitor. Boynton reported average daily membership declined by about 17 ADMs from 2024 to 2025 (roughly 2.5%) and is down about 120 ADMs (approximately 16%) since 2019, a drop that affects state formula funding. Total district revenues for the year were about $13.5 million, with roughly $2.8 million from property taxes and $9.1 million from state aids; federal funding represented about 4%.
District staff said the general fund moved from a prior‑year deficit to a surplus of about $145,000 for FY25. Boynton and the business manager noted that some cost‑savings (for example, from closing the Juan Mango School) and the two percent formula increase helped offset enrollment declines. The board approved the audit presentation on a 5–0 vote.
