Freedom School Board meeting 3 4 26

Freedom Public Schools Board of Education · March 5, 2026

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Presentation of annual financial audit by SMB CTA

Presentation

0:36 → 9:45(9m 8s)

An auditor from SMB CTA presented the annual financial audit. The auditor said the district reports statements on the state-required regulatory (modified cash) basis, noted an unqualified opinion for the state and an adverse opinion for federal reporting because the statements are not presented using U.S. GAAP, and called out the activity fund as the highest internal-control risk. The auditor reported $532,000 in assets, $6,500 in warrants payable, and said the fund balance increased by about $323,000; no reportable conditions were found.

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The Freedom Public Schools board heard a presentation of the district's annual financial audit from SMB CTA, approved the audit report, approved routine consent items, tabled the FY2026 audit contract, and accepted a staff resignation effective May 16, 2026.

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No transcript available.