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External auditor gives district clean reports; board accepts audit showing $4.5M fund balance
Summary
External auditors presented a clean independent audit and internal‑control report; the audit showed total general fund revenues of $7.69M, expenditures of $6.516M and a year‑end fund balance of about $4.5M; the board approved the audit.
Morgan Legron, the district's outside auditor, presented the annual independent audit and told trustees the district received clean reports with no material findings in the independent audit or the internal control and noncompliance report. Legron highlighted implementation of GASB 101 for compensated absences and the resulting restatement of beginning net position.
Legron summarized key financials: "The total revenues were 7,690,000, which was about $740,000 more than your final budget," and reported total expenditures of $6,516,000. That produced an increase in fund balance of $927,000 and a year‑end fund balance of roughly $4,500,000 — approximately eight months of expenditures — which the auditor described as a strong position for the district. After the presentation, the board moved, seconded and voted to approve the audit as presented.
