Board accepts clean FY2025 audit showing $7.08M net position
Auditor Neffendorf presented an unqualified opinion for FY2025 with total assets $15,237,404 and net position $7,075,779; board unanimously accepted the audit and auditor noted about $220,000 to be returned from foundation funding adjustments.
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Keith Neffendorf of Neffendorf & Blocker, P.C. presented the district's Annual Financial and Compliance Report for the fiscal year ended June 30, 2025. He reported an unqualified (clean) opinion, total assets of $15,237,404, total liabilities of $8,161,625, and net position of $7,075,779; he also noted a decrease in net pension liability of about $400,000 and OPEB (TRS retiree healthcare) liability of $987,785.
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