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Mendocino CSD accepts draft audit; auditor finds records "fairly" presented for FY ending 06/30/2025
Summary
The board reviewed the draft annual financial report for the fiscal year ending June 30, 2025, and moved to accept the audit; the auditor's opinion stated the district's financial statements "present fairly in all material respects."
Andrea Shepherd presented the district's draft annual financial report for the fiscal year ending 06/30/2025 and read the auditor's opinion: "In our opinion, the financial statements referred to above present fairly in all material respects the respective financial position of the business-type activities of Mendocino City Community Service District as of 06/30/2025." She thanked staff, particularly Katie, for work preparing the records.
Shepherd and auditors noted two remaining recommendations: a payroll-tax return reconciliation that has been implemented and a capitalization policy for IT subscriptions that remains unimplemented because subscription totals do not meet the district's capitalization threshold. The board moved to accept the draft audit so the final copy can be completed and the audit posted to the district website.
