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Superintendent says audit 'did very well,' board hears multi-year budget outlook
Summary
Superintendent Bill presented the audit results from Wipfli, reported positive findings, and told the board the district expects more than $6,000,000 in tax revenue and roughly $1,000,000 in upcoming grant reimbursements that should help rebuild reserves through 2030.
Superintendent Bill reported the district's recent audit conducted by Wipfli and described the results as positive: "We did very well," he told the board during the superintendent's report. He recommended making journal adjustments requested by auditors and noted Wipfli will return on-site in September for the next audit cycle.
Bill outlined the district's near-term financial picture, saying tax receipts are "a little over $6,000,000" and that the district is awaiting reimbursements from state grants. "We're sitting on right at a little over 1000000 dollars that we have coming back to us," he said, and added that multi-year budget projections through 2030 show the district's reserves returning to growth if reimbursements are received and current plan assumptions hold. The board posed routine clarification questions about tax rate and cash-flow timing but took no separate action beyond receiving the report.
