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Presenter: Auditor reports unmodified opinion; district fund balance and unfunded liabilities draw attention
Summary
An auditor told the board the district’s annual financial audit received an unmodified (clean) opinion but highlighted declines in net position and fund balance and a rising unfunded liability of $8.3 million for future benefits.
A presenter delivered the Winston‑Dillard SD 116 audit for the fiscal year ending June 30, 2025, reporting an unmodified (clean) opinion while flagging several financial shifts that the board should monitor.
The presenter said the government‑wide net position was $31,800,000, down about 8% from the prior year, and the governmental funds ending fund balance was $6,327,000 — a decline the presenter described as roughly 13% from the prior year. “we've given the lisonbee know the school district with unmodified opinion, but it was a clean eye with no qualifications or deficiencies noted,” the presenter said. The audit recorded cash and investments of $20,200,000 and total revenues of $25,400,000, with approximately $12.6 million (50%) from state funding and $2.3 million (9%) from federal funding.
The presenter also flagged long‑term obligations: government‑wide liabilities were reported at $27,100,000 (up about 6%), and the current unfunded liability for retirement/benefit obligations rose to $8,300,000. The auditor described the unfunded liability as sensitive to actuarial assumptions and the district’s employee mix and noted OPEB (other post‑employment benefits) was about $276,000.
Board members were invited to review the full audit report and to raise any follow‑ups; staff said they would bring any recommendations or additional context back to the board if needed.
