001I aliance to the flag of the United States of America and to the republic for it stands one nation indivisible with liberty and justice for all. Dunlap >> here. Casper >> Here >> financial ace from district. [snorts] >> Thank you. Thanks for having me here. And this is the letter of trans. This is the start of the financial statements. This letter is prepared by management. A general overview of things misspects for the future. area. Moving on to page 89 certificates here. One is from the association of school business officials and the other from the government finance officers association. These are for the year ended June 30th. wanted to make sure to point these out. This is a really nice achievement for the district. A lot of places will statements for review. It's somewhat rare to
002have in order to qualify for these awards. The statements go through a very rigorous process include some additional information beyond the basic information and it's pretty large undertaking. One of those areas that is required to be added when you're award for this year will also undergo the same process. Moving on to pages 10 through 13. This is the independent auditor's report. The report states that we have audited the financial statements of the district of June 30th, 2025. It then reflects our opinion and our opinion of the district are [cough] [clears throat] in all material respects June 30th, 2025. We're going to talk about responsibilities of management as far as management responsibilities. Management is responsible for the preparation and presentation of the statements in accordance with US generally accepted accounting principles. This includes the design and
003implementation of controls related to the prepation of statements and presentation of statements that are free from material. As far as our responsibility as auditors, our objective is to obtain reasonable assurance about whether the statements are free from statement. We are a USly standard and government auditing standards. As such, we exercise professional judgement and maintain professional skepticism throughout the audit. We identify and assess the risks of material in the statement of the statements. We obtain an understanding of relevant controls to allow us to appropriate a procedures and we evaluate the appropriateness of accounting policies and estimates as well as the overall presentation of statements. I'm going to focus on the management discussion and analysis. This section of the statements is not audited, but it's a good summary of the statements that follow provides [snorts] some background
004information and some important information about the statements that follow. Some of the financial highlights for the year assets and deferred outflows exceeded liabil by 66.7 million June 30th and position increased about $6.1 million during the year. On the fund level, governmental fund reported combined fund balance of $49.2 million approximately. This was up from last year by about $2.6 million. of that amount.5 million is unrestricted and available in the general fund for the contin total assets increased $4.8 from last year liabilities are up about $500,000 prior year and long-term liabilities are down about $1.6 Deferred amounts also change. Deferred inflows are down about $1.1 million while these changes in liabil shows a table with details about the increase in can The operating grants are down from last year as funding has ceased. However, this is offset
005by the increases seen in most [clears throat] other revenue categories and the result. You can also see here the expenses from last year expenses of the district are primarily instructional expenses as they have prior years and these expenses account for approximately 64% of the district's expenses as I mentioned earlier position to million page 18 of balances of district inal If you remember, $49.2 million of funds. Of that amount, the district had $2.7 million of restricted fund balance and $3.7 million. And at your end, the unassigned balance of the general fund was $42.7 million. Page 18 of the statement discusses some differences in the general fund between the actual amounts and what have been budgeted for the year. The general funding main operating fund for the district excluding passension amounts that are not budgeted for actual
006revenues were about $2.3 million. Again, excluding pass through expenditures actual expenditures were $500,000 more than anticipated. Access is related in large particles [snorts] and as mentioned there was a decrease 19 and 20 also have some discussion of what's anticipated for the coming year and again some good information for you about what was anticipated the statements themselves follow this section statements again I spent some time here because it really is good over couple statements that I will mention just want to point things. Page 21 shows the assets, liabilities, and deferred amounts to the district as a whole. As I mentioned earlier, this is where we can see the position intid's column. district's major funds as I mentioned earlier. [snorts] H2 shows the revenue and expend the increase balance. Moving on. This section of the statement provides
007some additional information and some cont. [snorts] additions, disposals and related appreciation of the year throughout the year. 42 shows a table of longterm liability districts are 16.4 million. The district has $3.1 million liabilities and 8.4 million other provides a table of fund and again as I mentioned earlier there's $49.2 million in total fund balance of that amount $2.7 million is restricted for certain purposes as can be seen here $3.7 million is assigned for certain purposes large being transportation and 42.7 million unassigned fund is the primary operating district and then unassigning operations. These notes are really more detailed information about information. There are comparisons for each fund about how the current year activity compares to prior year and budget and some good additional information statements on pages 127. This is the statistical section. This is another
008section that is required if the district subscren information that's really beneficial for review. In addition to that information, it provides some other information about farming. The last section of the statement 1287 is the single audit. This section is required extends a certain level of federal question. One of them categories is farm property. What What makes the break? >> So somewhere in the school district as it's gone down in value in the last 10 years. It's Halloween,000. >> Any other questions? Is there any material way we should be improving our financial reporting or any of that doing everything we should be doing and your opinion the right way? Yeah. And that kind of leads into you know from our standpoint statements in our opinion are neutral consistent clear in compiance that were required to disclose. from
009our large undertaking to get the state [snorts] information to us. He does