September 2025 Board Meeting

Top 3 Key Takeaways

1. 2024 Audit Results Show Strong Financial Position with Operational Improvements Needed The district received an unqualified audit opinion for 2024, indicating healthy finances with $7.4 million increase in net position and successful completion of $10.2 million in capital projects. However, auditors made 32-34 accounting adjustments and recommended the district take on more of its own bookkeeping to reduce reliance on auditors for basic entries, which will improve internal controls and reduce audit costs.