District audit returns clean opinion; board accepts 2024–25 financial statements

The Big Spring School District board on Feb. 17 accepted the district’s 2024–25 financial statements after auditors from Boyer & Ritter reported an unmodified opinion on the year’s financial statements.

“Sah i Zaherich: “I have identified that we've issued an unmodified opinion,” the firm’s principal said during a presentation that reviewed the audit package and the federal single‑audit testing. The auditors also reported a clean compliance opinion on the child‑nutrition cluster and summarized the district’s fund balances, noting an ending general‑fund balance of about $22 million and a capital reserve balance of roughly $13.1 million.

The audit presentation described the effect of GASB 101 on reported liabilities for compensated absences, which the auditors said increased the district’s government‑wide liability by roughly $1.2 million year‑over‑year under the new standard. Auditors also noted the district spent approximately $2.5 million in federal funds in the audited year, which triggered single‑audit testing.

Following the presentation, the administration recommended acceptance and the board moved, seconded and approved the 2024–25 financial statements and audit. The board authorized distribution of the reporting package as required.

The auditors highlighted the management’s discussion and analysis pages and the footnotes as the best places for board members to find context on year‑to‑year changes. The audit firm’s required‑communications letter noted no uncorrected misstatements, no disagreements with management and no significant difficulties encountered during the engagement.