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Audit shows no auditor–management disagreements; district notes $6 million audited ending fund balance
Summary
The district's fiscal audit for year ended 06/30/2025 identified no auditor–management disagreements; staff reported an audited ending general-fund balance of $6,000,000 (about 5% of budget), below the district's 8% target. Ketzler warned of state budget uncertainty tied to federal tax changes.
Mister Ketzler presented the district's fiscal audit for the year ended June 30, 2025, and the 2nd 0.25 financial report covering the six months ended Dec. 31, 2025.
Ketzler told the board there were no disagreements with management in the auditor transmittal (governance) letter. He summarized four audit opinions, pointed trustees to the management discussion and analysis (packet pages 5–13), and highlighted SIA (Student Investment Account) spending procedures. He noted SIA comprised a large share of grant-fund spending that year.
On the 0.25 financials he reviewed expenditure variances and a budget of roughly $120,000,000 with year-to-date disbursements of about $41.9 million. He said the audited ending general-fund balance is $6,000,000 (about 5% of budget), which falls short of the district policy target of 8% (roughly $9,000,000). Ketzler estimated the final 2025–26 ending balance could be about $1,000,000 higher but cautioned that state revenue decisions and a separate legislative process create uncertainty.
Ketzler also described a larger state budget effect, saying it had “effectively reduc[ed] state revenues by over $800,000,000 for this biennium,” a factor the board is monitoring as the legislature finalizes its session.
