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District projects $2.77 million year-end fund balance; auditors to begin onsite review
Summary
Shy Chapman presented the revenue and expenditure report through July 31, 2025, showing a projected ending fund balance of $2,773,109 for the fiscal year ending June 30, 2026, and notified the board that auditors will be onsite at month-end for the audit.
Shy Chapman presented the district's revenue and expenditure report and said, "The projected ending fund balance for the fiscal year ending June 30, 2026, is currently $2,773,109." She told the board that auditors would be onsite at the end of the month to conduct the onsite portion of the audit and that the remainder of the audit work will be completed using online software.
Chapman asked board members to check their email for correspondence from the auditors that requires completion. The presentation was informational; no financial action or budget adoption occurred at the meeting.
