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Auditors issue clean opinion; Helix posts $4.9M net position and $3.72M cash in 2025 audit
Summary
Cockburn & McClintock reported a clean audit opinion for Helix School District’s 2024–25 financials, noting net position of $4,913,246, cash of $3,720,415, and continued reliance on State School Fund revenue. The board accepted the audit and the financial report.
Cockburn & McClintock LLP presented the Helix School District’s fiscal year 2024–25 audit and issued an unmodified (clean) audit opinion, the district’s auditor Kylie McClintock told the board. The auditor reported no significant difficulties, no disagreements with management and that adjustments identified were corrected by district staff.
The district’s management discussion and analysis summarized key figures: total net position of $4,913,246 as of June 30, 2025; cash and cash equivalents of $3,720,415; and capital assets (net) of $5,320,223. The audited statements show Helix collected State School Fund revenues and had an ending combined governmental fund balance of $3,752,265. The audit letter noted the district’s adoption of GASB Statement No. 101 (Compensated Absences) and related restatements.
Business manager Kara Taylor told the board the district received the State Basic School Support payment and investment interest in December and that audited statements were uploaded to ODE by the Jan. 2 deadline. The board subsequently approved last month’s financial report as presented (motion by Todd Thorne; seconded by Ryan Raymond).
