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Reynolds School District board approves audit response plan after financial report review
Summary
At a March 4 special meeting the Reynolds School District Board unanimously approved a Plan of Action to respond to the 2024–25 financial audit after staff presented overstated ending fund balances and recommended changes to fund structure and controls.
The Reynolds School District Board of Education voted unanimously on March 4, 2026 to approve a Plan of Action addressing findings in the district's 2024–25 financial audit and to submit the plan to the Oregon Audits Division. Committee member Aaron Muñoz moved to approve the plan; Francisco Ibarra seconded the motion. The motion carried, Yea: 7, Nay: 0.
The presentation to the board identified overstated prior-year ending fund balances of $341,561 in fiscal year 2024 and $765,132 in fiscal year 2025. The presenter told the board that moving to a four-fund structure is a commonly recommended accounting practice and listed the typical funds as the General Fund, Special Revenue Fund, Debt Services Fund and Capital Projects Fund. Board members pressed staff about documentation, verification of account balances and next steps; the approved Plan of Action will be submitted to the Oregon Audits Division as the district's formal response and corrective plan. The meeting adjourned at 7:28 p.m.
