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Osseo-area board receives clean FY2024 audit; auditor praises financial stability
Summary
An independent auditor told the school board the district received an unmodified ("clean") opinion for fiscal year 2024, with stable fund balances and no findings in internal control or federal-award audits; per-student revenue and spending figures and budget variances were highlighted.
The Independent School District 279 School Board accepted the fiscal year 2024 audited financial statements after an auditor presentation at its Nov. 19 meeting.
Jim Eichten of MMKR, the district's independent auditor, said the audit for the year ended June 30, 2024, produced an unmodified—"a clean"—opinion and that his firm found no reportable findings in internal controls or in compliance testing for state laws and federal awards. "The district did receive an unmodified opinion on that annual financial report," Eichten said. He noted the audit emphasized implementation of a new capital-asset accounting standard but said it did not change the opinion.
Eichten walked the board through several financial metrics: revenues per student were $21,695 for the year and expenditures per student were $20,576. He reported total general-fund revenues of about $362,000,000 and said actual results were within roughly $20,000 of budgeted expectations. On the expense side, he noted general-fund expenditures were approximately $10,000,000 under budget, attributing most of that savings to unfilled staff positions and other operational savings such as transportation and utilities.
Board members praised the finance team and noted the audit mirrored the financial information they receive throughout the year. Chair Jackie Mosqueda Jones and other directors thanked staff for maintaining strong internal controls and for planning that produced the stable fund balances Eichten described.
The board voted 6–0 to accept the audit report, which the auditor said will be submitted for a certificate of achievement in financial reporting.
