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Board accepts FY2025 audit; auditors issue unmodified opinion and report no findings
Summary
The Osseo Area Schools board unanimously accepted the district's fiscal year 2025 audited financial statements. Independent auditor Jim Eichten reported an unmodified (clean) opinion, no internal-control findings, and noted an increase in assigned fund balance; a federal single-audit report remains pending.
The Independent School District 279 School Board voted unanimously to accept the FY2025 audited financial statements on Nov. 18, 2025, following a presentation from the district's independent auditor. "We were able to issue unmodified opinions on the basic financial statements," auditor Jim Eichten said, describing the opinion as a clean result and noting no findings in internal controls or Minnesota legal compliance.
Eichten and district finance director John Morstead highlighted several financial details: adherence to the district's fund balance policy, graphical trend information showing stability over the past decade, and an assigned fund-balance increase set aside to address next year's adopted budget shortfall (presented in the audit as approximately $23,000,000 assigned). Eichten said the audit of federal awards (the single-audit) is still pending because federal guidance has not been finalized and will be provided when available. Chair Tanya Prince and board members thanked the finance staff for their work. The formal motion to accept the audit was moved by Director Thomas Brooks, seconded by Director Kelsey Dawson, and passed 6-0.
