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Saginaw board receives and files clean 2024–25 audit; auditors flag future funding, staffing risks
Summary
At a Nov. 5 special meeting the School District of the City of Saginaw board unanimously received and filed the 2024–25 audit. Auditor Yeo & Yeo reported no material weaknesses or significant deficiencies but highlighted future funding, OPEB and GASB implementation risks.
The School District of the City of Saginaw Board of Education unanimously voted Nov. 5 to receive and file the district's 2024'25 audit, after auditors from Yeo & Yeo reported no material weaknesses or significant deficiencies in the district's internal controls.
Mr. Jacob Sopczynski of Yeo & Yeo presented the audit, including a PowerPoint, a cover letter and the Single Audit Report dated June 30, 2025. The auditors' report dated Nov. 5, 2025, covered governmental activities, the district's major fund and aggregate remaining fund information for the year ended June 30, 2025. Sopczynski told the board there were "no material weaknesses and no significant deficiencies," and he offered management comments and suggestions for improvement.
The presentation included balance sheet and statement-of-revenues slides, a general fund-to-budget comparison, per-pupil analyses and multi-year enrollment and revenue trend charts. The auditors also identified future challenges: uncertainty in state funding, rising fringe and OPEB healthcare costs, staffing and retention pressures, the expected end of certain federal funding streams and upcoming accounting standards (including GASB 96) that the district will need to implement.
"He commended Deputy Supt. Ms. Johnson and her staff for their continued hard work and said everyone should be proud of these results," the board record states. Treasurer R. A. Knapp moved that the board receive and file the audit reports; Secretary K. Rooker supported the motion. A voice vote recorded seven ayes, zero nays and the motion carried.
The audit's favorable findings were framed by administrators and trustees as evidence of improving financial management, while the auditors' flagged risks provide a roadmap for future budgeting and compliance work. The board did not take additional action beyond receiving the reports; next steps discussed included maintaining grant compliance and preparing for new GASB requirements.
