ISD 728 School Board Livestream Live Stream

Elk River School District Board of Education · November 25, 2025

0:00/1:00

1:00:31

0:00

10:00

20:00

30:00

40:00

50:00

1:00:00

Audit scope and standards

Presentation

0:00 → 0:45(45s)

Mr. Reagan (auditor) opened by describing the audit report in the board packet, the auditors responsibility for the audit opinion, and related reports required under government accounting standards and the state audit guide (compliance with Minnesota law). He noted the audit covers financial position and results of the year.

Keywords:

Speakers:

Mr. Reagan, the districts external auditor, presented an unmodified opinion on the Elk River School Districts 2025 financial statements and explained a required accounting change that produced an ~$18 million restatement; the board then reviewed budget reduction scenarios and voted to adopt Scenario 2 as guidance for 2026-27 preliminary budget planning.

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Transcript

Unlock the transcript with a paid subscription