Clean Audit for Fiscal Year 2025-26
The board voted 3-0 to accept the audited financial statements for the fiscal year ended June 30, 2026. Baker Tilly issued an unmodified, or clean, opinion and reported no material weaknesses or significant deficiencies in internal controls. Staff reported no reportable instances of noncompliance. The district’s net position grew by $35.4 million, or 5.2%, to $717.5 million. Unrestricted cash covered approximately 9.5 months of operations, above the auditor’s cited five-month minimum. The auditor also described healthy debt coverage and room for borrowing if future infrastructure investments require it.
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