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District projects $2.77 million ending fund balance; auditors finish onsite work
Summary
Finance staff reported a projected ending fund balance of $2,773,108 for fiscal 2025–26 and an on-site audit review of 208 expenditures; the single-audit review (title and food service) is expected to be complete by Dec. 30.
During the Sept. 3 board meeting, Shy Chapman presented the district’s revenue and expenditure report through Aug. 27, 2025 and said, "The projected ending fund balance for the fiscal year ending June 30, 2026, is currently $2,773,108." The board heard that auditors were on site Aug. 22 and reviewed 208 expenditures.
Chapman told the board the audit work will continue remotely through the accounting software, with a single-audit focus on title and food service work to be completed by Dec. 30. Board members asked questions about grants, classroom supplies budgeting, textbook adoption, increases in contracted services, and that a DLC teacher was contracted rather than included in salary. The transcript indicates Chapman will provide a list of contracted services on request; specific dollar drivers were not fully enumerated in the recorded remarks.
