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Auditor: Echo SD 5 ends year with roughly $5.4 million in cash; no internal-control issues
Summary
An external auditor told the Echo SD 5 board the district closed the year with about $5.4 million in cash, reported steady general-fund balances and no internal-control findings, and recommended clearer mileage documentation for reimbursements.
The district—nded the fiscal year with about $5,400,000 in cash versus $4,300,000 the previous year, an external auditor told the Echo SD 5 board.
"The district ended the year with about $5,400,000 in cash versus 4,300,000 the previous year," the auditor (identified in the transcript as speaker 11) said while delivering the annual audit. The presentation said $3,300,000 of that cash was in the general fund, with $2,800,000 unassigned and $487,000 assigned for the 2024-25 budget year. The auditor also reported approximately $757,000 in the capital project fund at June 30, 2024, noting a roughly $750,000 land purchase occurred after the fiscal year closed.
The auditor summarized capital activity and debt: capital additions of about $83,000 were offset by $513,000 in depreciation (a net decrease of $431,000), and scheduled debt payments reduced outstanding debt to about $8,100,000 at 06/30/2024. No internal-control weaknesses or disagreements with management were reported.
The auditor recommended consistent supporting documentation for mileage reimbursement claims, asking staff to attach route evidence (for example, a Google Maps route) to mileage requests so business managers do not need to guess distances. The board accepted the audit presentation and had no additional audit exceptions.
