001Welcome to the work session for the Gley Evans School District. District 6 board of education meeting. Um, this meeting will now come to order. Miss Lemon, will you please call the role? >> Director, >> present. >> Director Bentley, >> present. >> Director Campus Spitzy, >> present. >> Director Edmonds, >> present. >> Director Lemos Garcia, >> present. >> Director Mash, >> present. >> Director Roi, >> present. >> All board members, present. >> Well, we are very excited to have our new board members here and participating and hopefully somewhat onboarded for tonight. So glad to see you all here. Our first item on the agenda is to review our calendar, which you do have a hard copy. >> It's coming. I got you one. Awesome. Thank you. Um, we are looking forward to the CASBY convention, which
002is our professional development as board members. Um, also the UNCC legislative preview is very informative, an opportunity to hear what our lobbyists around the city. So like UNCC Ames, District 6 lobbyist, um, as well as our legislators are often there talking about the things that they are excited to be working on. So sometimes there's a participative um, aspect to that as well. So if any of you can attend that, that would be great. And then I would definitely like to highlight the success in six awards kind of like our Oscars. Um we get to honor our teachers, our new teachers, our um at every level as well. Um and um that is a lot of fun. Does anyone have anything to add? Anything require an RSVP? I don't think so. >> And just a reminder
003to our new board members, if you can just RSVP via the calendar invites, that's helpful for me. and then I'll RSVP to the organization for you. So, um, for example, the UNCC legislative preview, you may receive an email directly from them. Um, but I'm happy to RSP RSVP for everybody. >> Okay, moving on. Um, we will start our board member comments over with Miss Leos Garcia. >> All right. Thank you. I am so excited to be here at the table with all of you um and to start our experience for what school look like. First wanted to say that um I enjoyed attending the 50-year celebration at Shashane um with the majority of you. So that was a great event, good participation, um great attendance. That was something that I enjoyed um as one of
004our first events as a school board director. Um, I am getting to know the schools that I am an ambassador for and so that's pretty exciting. And then hopefully I can attend event that um by the end of the year either a band concert or some kind of concert. So I'm looking forward to that as well. >> Sounds good. Thank you. >> Thank you, Mr. Edmonds. >> Mr. Edmonds, man, that's my father. Um, so I actually a lot of great things happening and just being at the food bank. We actually have a lot of connections with schools. So it's great to see school groups in there all the time. We we give tours almost on the regular. My kids school is actually coming in next week. My youngest to volunteer. Um, but a few things.
005We had some great schools help us with a project. We do festival of trees with the food bank and um Twiton and Gley Central and Shasheen all helped 3D print to make a large Lego tree. So it was really great to partner with them and I had the opportunity when I went to pick up the pieces at Twiton to get a little tour of the school. This is pre like election to the school board. Um, but it was really cool to just walk around and see what a great resource that we have there for the students at that school and in our community, especially with the things that they provide that will be going out further than just what it helps with the students, like the partnerships that they have within the district. It was
006great to see that. So, I made me really excited to tour other buildings. I know that not all of them will be as flashy as Twiton. Um, but I know that just the the desire to make sure kids have a good safe learning environment is great. The Shasheen thing was was wonderful as well. It was it was great to be there. Um got to be at Fred Chartis for their uh plays. They had two different plays. Got so many kids that signed up wanting to do that focus group. It's uh it's called an exploratory. It's basically like an elective and so many kids signed up. They ended up doing two plays. My daughter was in one of them. Um Snow White and the seven endings. It was great just to see her opportunity to kind
007of flourish because she's an introvert much like myself. although it might surprise you to say that for me to say I'm an introvert but um she's very quiet but when it comes to getting on stage it was great. So it's wonderful to just see Fred Chartis providing those opportunities at a building that sitting in a gym that I played kickball and and dodgeball and all that stuff when I was their age. So it was a good full circle. And then of course hope for the holidays food drive. It was great to see city council and schoolboard have a friendly competition which really drove up the turkeys. It was our best year for turkey collection at that event for quite a long time and a good chunk of it uh happened during that time period. So
008our store that I was at all day 107 turkeys and 72 of them were during the schoolboard shift. So um I think Dr. Dr. Brenna Campos Spitzy dressed as a turkey was a was a huge draw. Um city council brought in 64 turkeys while they were there. So I mean just between the two groups 136 turkeys. But the reflection on that is that all those turkeys went to a family went to families. Um so it was great to just see kind of this time of peace and unity with that. Um and then the last thing I'll share is uh I was at um King Supers getting uh just some groceries and I was stopped by a teacher um and she said congratulations to me and I gave her the look of like I don't know
009you and she could tell uh cuz working at the food bank I meet a lot of people and now a lot more people know who I am. Um, but she stopped me and she she just said uh congratulations and how excited she was for our board to be what it is. Um, and I I shared that as well. I was so excited to meet a teacher from Maplewood, my alma mater. Um, and to share that same just joy of just where we are at now. So, I'm looking forward to it. >> Thank you, Mr. Ozari. >> Thanks, President Mash. Yeah, I would say the the highlight since the last board meeting was seeing Dr. Compost Spitzy dressed as a turkey and uh it was quite appropriate for the event. So it was great to see
010that. I attended the uh Marine Corps ball on Saturday, November 15th. And as always, the Marine Unit ROC unit out at Northridge. They put on a very professional event. And as a a lifelong performer and in the performing arts industry, it's really great to see the seriousness that goes into that. It's obvious and uh very proud of that unit that we have out there at Northridge. I also attended the 50th anniversary and again I know how much work it takes to put on an event like that. Every grad grade grade level had some sort of activity and presentation and we also had the opportunity to to see a presentation by I had to look this up. The Indigenous Corporation 5280 dancers. They go around this area of the state and they give uh presentations of
011Native American dances and that's their mission uh to do outreach and that was that was fascinating to to watch. And then finally um I'm the or have been the board wellness committee representative. So I've been going to their meetings and that meeting was on Thursday, November 20th. And suffice to say, our wellness staff here in the district, they also do a fantastic job. I really appreciate their meetings, very organized and concise, and they go through a lot of material. Uh that meeting, they talked about uh wellness policy goal number two, which is the district will implement and promote nutrition, education, and proper dietary habits contributing to students health status and academic performance. Again, they do a great job at this uh including the fact that our district 6 schools are 40% above the state average
012and serving locally grown foods in our cafeterias. Our district staff continue to connect with local food producers throughout the state. Requests for proposals are ongoing with about 50 different products continually being distributed throughout our district, including apples. And I guess we serve a lot of apples in our district. And among the many other topics the meeting addressed included information about our district's non-food award program, which is housed, organized, and operated out of Heath with their life skills students doing that work. And they help get non-food awards out into the hands of kids throughout the district. and and they cited a number of 1,400 uh different items that have been distributed so far. I believe that may be this year throughout the district. So, that's a lot of work. And finally, uh the meeting also included
013a report from the student health advisory council and they will be speaking tonight at our business meeting. So, we'll hear from them. All in all, a very a very good meeting from them. So, thank you. That's all I've got. President Nash, >> thank you very much. Dr. Campos Spitzy. >> Yeah. So, um, highlights for me for the last few weeks. Um, same. Doing the Weld, uh, food bank turkey drive was a lot of fun. Um, little did you know, I was the warmest one out there with that turkey suit. >> Um, but I love to see that Ryan Roth signed up for public participation later. So, um, some friendly competition for an amazing cause. Um the 50th year anniversary for Shasheen was really cool. The Tribune article um that highlighted the 50th anniversary um was
014was very well done. They talked about how when the school opened 50 years ago, there were about 450 community members there to celebrate the opening of the school and I would say there was about that many people um at the 50th year anniversary. Um, our principal of Barnes did did excellent um with that with the presentation and the kids do in their choir. They did they did awesome. They did like their school song, but they also did Golden um which is a K-pop demon hunter song and it was awesome. Um my my children who came with me were thoroughly um entertained when they weren't just reading their books. Um, I also enjoyed going um to the Gley Central High School soccer state semifinals in Lakewood followed by their um state finals competition in Colorado Springs.
015Um our our hearts were a bit broken. They lost that game two to zero, but we're so so proud that they uh were this the what do you call it? >> The runner up. >> The runnerup. That's right. Um, yeah, they there was a lot of heart in that game and I just can't wait to see how the soccer team keeps doing in the future. Um, university I wanted to congratulate as well and I know we'll have a meeting where we congratulate a lot of the state semi-finalists in and uh in our athletics. Um, but university's girls volleyball team won their state um championship which I thought was amazing. Um, I think something that we're we've all been celebrating this last week is uh Nicole Peterson winning the middle school teacher of the year award.
016Um, I'll say my husband has become quite numb to all my district 6 news, but in bed, you know, he's scrolling through the news and he's like, "Oh my god, Nicole Peterson." He got excited about her winning the middle school teacher of the year award. So, I think our whole community or sorry, uh, principal um, of the year award um, our whole community is is celebrating that and it's a muchdeserved honor and I'm sure we're going to honor her at one of our business meetings coming up. Um, I love to see our high school volunteers. I saw them at actually the Shasheen 50th year anniversary. There were a lot of our high school students there helping with some of the activities. Um, and then I took my kids to Whoville at the UTC C and
017there were a lot of our um, high schoolers and even um, I saw a lot of kids from Fred Chardis volunteering to make those activities happen. Um, so just really enjoyed that and I think that's what has been going on. >> Thank you. >> That's all. >> That's it. Just a couple things. >> Thank you, Miss Roi. >> Well, thank you. I just um um the my first opportunity to visit a school was as a board member was the Shasheen 50th um anniversary which was really fun and I I guess I'd noticed how much the uh staff and principal and vice principal appreciated us being there and that was a really um really great experience. It was really fun to watch the kids' faces while the performance was going on. They were just like, "Wow,
018that is so amazing." And really, it was a pretty amazing uh performance. Uh we got busy on the 21st uh from the 29th of November and went on a river cruise. So, uh I would have been gone uh pretty much that whole time from uh we went through uh started at Charleston, South Carolina and went to Jacksonville. And I will just say it was a really wonderful trip. Um, my husband and I, just to let you know about those cruises, we were 10 years younger than pretty much everybody else on the trip. But it was really a fun thing in terms of history and um, getting to see some of the Civil War history and Savannah and some of those kinds of things. So, it was fascinating. But I did kind of keep following you
019all with the Turkey competition and uh, some of the other things that were going on. So, and I followed the soccer team, too. And um it was so exciting that they got to go to the state competition. What a what a huge thing. So, and I am very much looking forward um once we get back from Casby for to get a a chance to get to know the schools that I'm an ambassador for. So, I'm looking forward to that. >> Thank you very much, >> Vice President Bentley. Uh >> I feel like a slacker. I don't feel like I've done near as much as you guys, but um it w it was a fast couple weeks since since you guys got sworn in, and it seems even faster since the election, but here we are.
020I I did get to uh be volunttoled that I'm the council of student reps representative for the board. Um I wasn't volunttoled, I volunteered. Uh Mrs. Mash gave me politely gave me two options and um that was one of them. But, uh, I did was able to attend one of those meetings. Um, it was my first one, so I was really just getting my bearings about me. But they they discussed, um, the dress code policy, I believe, and it was pretty interesting to hear their their different um, takes on on dress codes. And um, I think there was a girl there from Union Colony, I believe. >> Frontier. >> Was she from Frontier? Yeah. and she was so just to have her perspective on the dress code compared to um our as a charter um
021and and then just a couple of the conversations come up. It was pretty neat to watch that whole experience and uh it's pretty cool to have that many kids that are that passionate about their schools that they would give up their afternoon to to go do that. So um I also was able to attend a Centennial Bose meeting. Um it was it was pretty rudimentary. a lot of new board members from across um their membership getting elected and in. And um not much for me to add to that one, but it it always is just kind of eye opening to hear the the problems that are a big deal to those little districts that we would we would never even hear about here. Um, one time they they I think they had a leaking roof
022and it ruined their basketball floor and they didn't know how they was going to pay for it and you know, stuff like that we we don't even hear about. And that that was that was the highlight of their comments for for uh that meeting. But it it's it makes you feel lucky to to you know live in a bigger district. It gives us a little bit more flexibility with our with our funding. So other than that, I'm just uh excited to kind of get into the CASBY season and on to 2026. Uh our new assignments for everybody's been mentioned for liaison or ambassadors, whatever we're calling them this year. Um Principal Cranson reached out. Um so excited to get to support West this year and you know, I guess that means I get to give
023their I get to accept their class. So that's pretty cool for me and excited for the rest of the year. Awesome. Well, thank you all for your engagement and jumping right in and um just being um excellent ambass ambassadors for district 6. Um I also got to attend the soccer final and that was really fun. It was fun to see the bus loads of fans arriving and I'm so glad that we were able to make that happen because there are a lot of students who wouldn't have been able to come. Um and so we did definitely have a sea of orange cheering on our soccer team. Um, enormous congratulations to Nicole Peterson. So very welld deserved as we've seen Brentwood be a school to watch. Um, they've been doing great things for a number of
024years and it's always great when a bigger entity um, outside of district 6 recognizes the accomplishments of our employees. Um, and then I am the um, representative for the district accountability committee which is um, a parent from each school and um, it's always a great meeting. They're so thoughtful. They're so positive. Um but also seeking how they can share information, how they can improve their own schools. Um David Reyes from the family center came and spoke and um Mr. Asmus did a great job of just explaining all of the ways that we support our students, whether it's um mental health, if it's academics, if it's, you know, their very basic needs. Um we have so many um different supports in place. So that was it was kind of it's always fun even as a board
025member who's been here for seven years to when you have one focus and it's all in one place. It's like wow that's amazing. I could have come up with three or five of those things but when you see them all together it's it's really exciting. So well thank you all for sharing your comments. We will move on to a presentation of our financial audit and we'll invite Miss Sponsor >> and our Miss Haidok. >> Yes. Welcome back, M Sponsor. We're our chief financial officer has returned to us um after a a family medical leave and um some bereavement leave, and we're so glad to have you back. And um and I want to thank Miss Haidok, our director of finance, who filled in in her absence and uh did a yman's job on that. So,
026thank you, Mandy. and I'll I'll pass the financial audit to you all. I can't believe it's already here, December, and it's audit time. >> Fast school year. >> It always is the case that it's the first board meeting for new board members and you get to hear an audit presentation. So, >> hopefully it's educational, but >> what she means to say is it's it's all downhill from here. This is as good as it gets, >> right? >> M if you kind of have the deer in the headlights look, um we will Dr. Dr. Pilch and I will work with you to do some education around school finance going forward. So, um just so that you all know, the audit takes place really um typically starting in June and goes through now. Um some times are
027busier than others, but um our finance department works really hard to get the information needed for the audit firm. Our fiscal year ends June 30th and so that's the time period that they are auditing is the last um fiscal year and I think uh Jean Paul who is our auditor he has some kind of high level information to share with you and he'll talk about what their role is in terms of uh the audit firm versus what our role is as a district. And so, um, I would like to also introduce my counterpart, uh, Mandy Haidok. She has just done an amazing job in my absence, and I I just can't thank her enough for stepping in, but this is really her baby. Um, she lives and breathes the audit this time of year. So,
028I know that she's looking forward to having this meeting behind her because she can take a break. So, Mandy, I'll pass it on to you. Well, thank you. Um, yes, we have a a great team in finance that help support this work and truly it's it's districtwide. I mean, we have policies and internal controls that are required and they work really hard to comply with that and so as a result, it all rolls up to the to the results of our audits. So, I'm going to turn it over to John Paul from Clifton Larson Allen. Um I John Paul's with been with us for a few years and um it's probably familiar to some of you but he'll go through a PowerPoint and talk through the audit. >> Sure. Sounds good. Thank you again. My
029name is John Paul Liole with Clifton Larson Allen or CLA. We've been the external um audit firm for the district for a number of years. We also do the audit for uh the five charter schools within the district that are then rolled up into the district's financial statements as well. Um, so this presentation is on the fiscal year 2025 financial statement. So that's going to be as of June 30th, 2025. So I realize we're kind of on to 2026 at this point. So realize that um, a lot of this information is dated, but I think it's important to kind of have that as a framework for kind of going forward. Um the audit's normally a good place to check in, make sure that everything's uh in order uh kind of moving into the next uh
030school year. So um with that, I will try to be pretty high level with some things, but if there's anything that makes sense to spend a little bit more time to discuss, I would be happy to pause and kind of discuss any of that in more detail. Realize the audit's normally the highlight of everyone's here. So if we want to spend an hour, two hours, three talking about it, we certainly can do that. >> That's why it's that's why I ran for school board. >> I believe it. Um >> all right. So uh first to start just about the responsibilities uh as auditors. Uh so we do basically our role is to review the financial statements, make sure that everything within the document is materially correct when it comes to the uh financial statements themselves.
031So what that means is we issue an opinion saying that we believe with reasonable assurance basically after all of our audit procedures were done that the financial statements are materially correct. Um the example that I like to give is that we're kind of the editors of the financial statements and the district is the author of the financial statements. So we're just coming in making sure that everything's materially correct. um making sure that you know everything that's uh required under governmental accounting standards to be disclosed is included within the financial statements um and kind of you know everything that we're supposed to do we're looking at. I will say one common misconception is uh relating to fraud. Uh if there was any instances of fraud or concerns about fraud, we would include that within our report
032regardless of the dollar amount. but it's not something that we're specifically designing procedures over. Um, so the focus is of the audit is really making sure that the financial statements are correct. If there's any fraud, we will bring that up. But at the same time, that's not the u primary uh point of the um audit. So there's a couple of different um kind of two main components within the audit. Uh the first is the uh financial statements or the annual comprehensive financial report which includes um both audited and non- audited information. Um that's where we issue our uh opinion over our audit report. And so I'm pleased to be able to say that we issued an unmodified or informally referred to as a clean audit opinion. And so what that means again is that after
033all of our audit procedures um that we believe with reasonable assurance everything is materially correct. Uh and so that's the highest level of audit report that uh the district can receive. It's also the report that the district should be expecting to receive. Uh if it wasn't going to happen, this would not be the first meeting that you'd be hearing about that. So um so that's kind of the uh the main part of the audit, but there is another component uh referred to as the single audit and that's over federal awards. Um, so the district uh receives quite a bit in federal awards and uh what comes with that is kind of these strings attached of different compliance requirements that the district's uh responsible for uh complying with. Um that portion of the audit uh it
034kind of normally gets tacked on as kind of the last few pages of the report. uh for this year uh the federal government didn't issue they normally issue their guidance of how they want auditors to audit uh in around May. Um they released it at the end of November so just a little bit late. And so with that timing uh that is kind of pushing back the timing for the district's single audit. I'd say at this point we're probably 90% done um but not 100% like we normally are uh at this point. So again, that's really more the um the federal government kind of delaying that uh guidance leading to that. The uh required deadline for that is the end of March. So at this point, that's not a concern in terms of uh deadlines,
035but it is normally something that's completed at this point. The uh financial statement audit is required to be completed by the end of December, and this is normally the meeting when uh that's completed and presented to the board. So, kind of normal timing on the financial statement audit, little bit delayed on the single audit again on the uh uh federal government um uh reason for that. Uh we would present any findings or recommendations. I'm pleased to be able to say that we did not have any findings or recommendations that rose to the level of being uh brought to the board. Um as always, every year if there's any uh little things that come up during the audit, we discuss that with the finance team. If anything comes to so that's kind of best practice recommendations
036things like that those would be discussed directly with finance if there's anything that's kind of more significant than that it gets included within the report and also would be discussed with the board uh but again pleased to be able to say that in addition to that unmodified audit opinion um that it was a very clean audit overall I do have just real highlevel kind of broad strokes on the financial statements themselves just to give you a little bit of flavor favor for kind of the financial activity. Obviously, you know, there's a lot that goes on during the year. Um, and so there's a lot more to it than this, but do think that it's helpful just to give you kind of a background of what that looks like and a couple of trends here. So,
037one thing that's important to note is that the district um like all other school districts um within Colorado are required to present under government accounting standards and with that you include two sets of financial statements. One of them is on a long-term basis and one of them is on a short-term basis that's closely mirrors a budget. So, it's kind of you have your operational view and then your kind of big picture um you know 30y year long-term view of the financials. And so, this first graph kind of shows the assets minus the liabilities. So, kind of what you have on hand to be able to spend for the upcoming year's budget um presented within this first uh graph. So, you can see it's uh decreasing over the last six years. But when we kind of
038break that out into different components, there is the building fund and that's highlighted in orange and that relates to uh uh bond proceeds. And so what normally happens is you go out, you issue debt, you get a whole bunch of cash that comes in on that long-term basis. That's something that needs to be repaid on this kind of shorter operational basis. That's cash that you have that's available to spend and budget for. Um and so that increases the amount that's kind of left over there. So if you look at um the orange bars, those are decreasing as you're the district's spending down those uh proceeds on the expected um projects. Um if you look at blue, you can see that that was steadily rising um over the last six years with really fiscal year 2025
039being very consistent with fiscal year 2024. So basically pretty uh similar financial position uh this year as opposed to the previous year. Um and then looking specifically at the general fund, there's a number of different kind of funds which is how things are uh budgeted and also presented within the financial statements. Um the general fund accounts for most operations of the kind of general operations of the district. Uh so you can see that that was also very similar the last um last year with this year remaining pretty much around the same. And then one thing that's uh sometimes helpful to consider is that fund balance. So again that's your assets minus your liabilities. So kind of you can think of that as like the cash that's available to spend as of the end of the
040year. Um that was about 40% of expenditures for for the year. So basically, you could go 40% of a year without receiving any other uh funding um before running out of funds to be able to pay for things. Obviously, that's not going to happen. You're going to continue to receive revenue, but that's a useful benchmark to be looking at. 40% uh is relatively healthy. As part of the audit, we don't say whether things are necessarily good or bad, just whether it's, you know, true or false. Um and so uh that's really up to the board to kind of decide what the appropriate uh level um to kind of keep that fund balance and how to budget. Uh but wanted to give a little bit of context for that. Um the other thing to look at
041is that long-term basis. This is where it gets a little bit harder to look at um because there is what's referred to as the net pension liability. Uh if you've been around government accounting for the last 10 years, you probably have heard of this. Uh if not, um it's uh especially uh prevalent to be discussed in Colorado with Colorado Parah that all of the uh teachers would be part of within the district. Uh and so that relates to the defined benefit pension plan uh that employees are part of. Um, basically Colorado PAR pools all of the funds or contributions that are received. Um, this is a required liability to be presented on the district's financial statements because the district is part of PAR, but it's not so there is a liability that is on the
042district's financial statements, but it's not something that the district could pay even if the district wanted to. you know, if you had probably a couple hundred million dollars laying around that you didn't know what to do with, um, don't think that would happen. But um it's really kind of more of anformational item that you know this is a long-term liability that would need to be made up through either state contributions. So additional payments from the state, additional increases in contribution rates either from the district or from employees uh or through a reduction in benefits basically to rightsize um over really the long term. So that's 30 plus years uh kind of looking out. So anyway, all of that to say that has an enormous impact on the ending net position. So this uh is kind
043of your long-term view. Big items on here kind of big differences would be your uh buildings and capital assets would be included. Your long-term debt is now shown as a liability rather than just the ending cash. And then there's that net pension um liability. So as you can see that has been increasing over the last kind of 5 years with fiscal year 24 and 25 being around the same as they were uh previously. That net pension liability has been increasing as you can see that's right around a little bit less than the 350 million mark with um as a liability. So when we look at the net position that liability has an enormous impact on whether that's negative like it was in fiscal year 21 or whether that's positive like it is in fiscal years
04424 and 25. Um so again unfortunately in my opinion it kind of skews how you look at this long-term view just because it's such a significant number with uh pensions. So, did want to highlight that if you uh are looking at some of those numbers to know that that is included within that long-term number. Um, another thing to that I just want to point out, um, the net OPED liability, OPED stands for other postemployment benefits. This is a health care subsidy that's included with uh, PAR. Um, as you can see, the number in comparison with the pension liability is tiny, but because people don't normally see the words OPED, um, I do figure it's worth pointing out because you'll see it written on a whole bunch of pages throughout the financial statement. So, just wanted
045to point that out so that you're aware of, uh, what that refers to. Uh, so then, uh, I guess I'll pause for a second. Any questions or comments on the financial statement side before we discuss on the single audit? >> John Paul, is anything um popping out at you that looks looks different than previous years or peculiar compared to previous years? Because I know you've done this for us for several years. >> I would say this year was pretty consistent with previous years in terms of kind of again big picture. There's always things, you know, things are different every year. Um, but in terms of the really high level view, I wouldn't say there's anything that um stands out. I would say PAR was relatively uh consistent. I would also just point out that PAR
046is on a uh lag basis. So what you're seeing presented within the financial statements is really a lot of times one to two years delayed. Uh so sometimes if the you know stock market's bad, two years later is when you see that uh actually hit the district's financial statements. Um so just something else to to keep in mind. I don't know, Mandy or Megan, is there anything on the financial audit activity or financial statements that you'd like to point out? >> I think the only new thing was the health insurance fund. So we we were established as self-funded in fiscal year 25 which um required us to establish a new fund. So that was a bit of a a new new experience for um Clifton Larson Allen but it it emulates our dental fund. So
047nothing really new. It's just a matter of tracking um those claims and those and making sure we have the you know the support to process those claims on a monthly basis. So I would say that was probably one of the newest things. >> Okay. Um so again talking about the single audit results. This is um kind of still in process about 90% complete but did want to give an update on where we stand. Um so the single audit uh focuses again on federal awards. the district received um a little over $32 uh million in federal awards in fiscal year 2025. Um that federal government guidance outlines which awards they want us to review. Uh so for fiscal year 2025, we're looking at the IDA uh program which relates to special education, uh the 21st century
048community learning centers, as well as gear up, which is um uh college uh readiness. Um and so those were the three major programs. You can see kind of the dollar amounts with that. Um the federal government basically has a rotating every three years all of the significant programs get audited. And so it kind of just rotates uh through those each year with a lot of the federal awards being on a recurring basis. Any new awards that are significant would also be included here. Uh so at this point we don't have any uh findings over federal awards. Again kind of pending that last 10% but at this point uh a clean single audit as well uh which the federal government has a lot of different uh compliance requirements and things that the district has to uh
049follow. Uh so again kudos uh at this point for having a very uh clean single audit. Um we do also have a separate uh letter that uh is distributed along with the financial statements addressed to the board that outlines basically we're required as auditors to uh give specific information to the board. And so this summarizes all of it. Uh if you thought the financial statements were dry, this is even drier. Um it very it's very similar each year uh because we're required to basically say the same things every year. But I'll highlight the couple of things that are um basically unique or probably um you know stand out. The first is that there was a change in governmental accounting standards relating to compensated absences that refers to vacation sick PTO that type of thing. Um
050and so that did it doesn't change the district's policy. It doesn't change how that's paid out, what benefits are given to employees of the district. It just changes the dollar amount that that's presented on the financials. Uh so that had about a $1.4 million uh impact. Um and the district elected to show that as activity during the year rather than restating the beginning balance, which would have added even more pages to the financial statements. And so uh for that impact it was not considered to be significant enough. So the district is in compliance with that new requirement uh kind of as of the end of the year but just basically took a shortcut for administrative efficiency uh um in terms of implementing the standard. So that's uh referred to as an uncorrected misstatement. It's not
051really anything to be concerned about. Again really kind of just more of a shortcut there. uh if there were any audit adjustments, things that we had issues with or kind of troubles along the way, that would be presented here. Again, pleased to be able to say that we didn't have any uh corrected mis uh misstatements or audit adjustments uh through the process. Um there's again a bunch of other information that's required to be said each year. The one thing that um I'll point out that I mentioned at the beginning is that the district's financial statements do include the charter schools as the district does have oversight uh over the charter schools. So th that information uh is included within there. And then there is other information as I mentioned kind of at the beginning that's
052non- audited. Uh so operational information basically things of a non-financial nature are also included in there and that's uh excluded from our audit report. So again very smooth and clean audit. Um so uh I'll open it up at this point. Any questions, comments or discussion items? I'll just start by saying thank you very much and I appreciate the continuity that you're able to provide and I've been on the board seven years. don't remember your predecessor, so maybe you've been here all of those times. But um also just continue to be very proud of our financial department that um as a board member who is responsible for reporting back to the community that we are fiscally responsible and we're using our tax dollars correctly and we're reporting them correctly, the transparency is there. So, excellent job
053and I know that that was an added lift for you, Miss Haidok. So, thank you so much for stepping in. Um I guess just a clarifying question about if things are delayed um from our federal grants. Is that because some of them were sort of on pause at certain points during the year or >> so? It has nothing to do with the um grants as they impact the district. It's on the audit guidance for basically what things as auditors were uh required to look at. Um, and so there's an official document that's released by the Office of Management and Budget called the Compliance Supplement that it's I think a thousand plus pages long that has all the different things for every different federal award. Um, sometimes with changes in administration, they end up taking longer
054to review of what they want to emphasize. Uh, they can't change the rules at that point, but they can change what they want to emphasize. I will say that they sat on it for a long time, but there really wasn't any significant changes from last year. So, just kind of waiting on them to release that, but nothing really significant ended up changing. >> Do they redline it for you or do you have to go through a thousand pages and be like, I think this part's different. >> As kind of a larger firm that focuses on government audits, we had a national team that did the review and were able to say, "These are all the things that changed." and it was pretty minimal. So, I didn't have to go through all thousand pages, but someone
055did. Teamwork. >> Yeah. >> Um, on slide 11 for the net OPB liability, um, we're seeing like a downtrend from 2023 to 2025. Um, is that because we changed the way we do our healthcare benefits? I'm curious. So this relates to participation in parah and so the district as part of parah is actually a minuscule um part of that. So um basically anything the district does is going to have a pretty tiny impact on uh parah overall. Uh some of that is the um contributions that the state is making directly to PAR that happened uh that began I forget what year but around five or so years ago that they started making direct contributions. Um and this also so the pension benefits is specific to uh schools but the health care benefit is relating to
056all part parts of parah that includes local government and state employees. So sometimes there's changes in um those groups that ended up end up impacting kind of everyone else. So >> but the trend is also the difference is really minor when you compare the you know 6 million that you're looking at here with the 350 million of pensions. So yeah, >> thank you. >> We don't have any questions because we fully understand everything you said. >> No, thank you for again for this presentation and for making it um highlevel bullet points for us and thank you for keeping excellent records. If there's no other questions. Yeah. Thanks for being here. >> Thank you. >> Thanks, guys. Great job. >> All right. We are now to the portion of the meeting to be debrief the work
057session. Um, and maybe we'll start with you, Miss Roie, this time. >> Okay. Explain to me what you mean by >> So, to debrief the work session just means to say how you felt about what we talked about. if you have um can be >> pointing out something that was helpful, something you're looking forward to, thank the present presenters. >> Yeah. Well, I it um for someone that does not have a business mind, this is amazing that people can get through all this and and understand it. um we you know because my husband is a retired teacher we are on parah and so it's interesting to see how it all fits into the big picture and how um and just you know the hard work that the these people have done for our district. So
058>> yeah I think we always say a a boring audit is a good thing and that was definitely boring. Um, it's only uphill from here, guys. I promise. Um, I do want to echo Director Edmund's comments on how excited I am about our new board and um, feeling like we we have a very unified vision in wanting District 6 to succeed and looking forward to many more work sessions and business meetings with you all. >> Mr. >> Yeah, I agree. Um, it's great to have uh our new folks on the board and for um Kyle to be have returned to the board as well. And uh it's also um great to hear the words no material weaknesses or significant deficiencies identified and a very clean audit overall. So that that comes about with a lot
059of hard work over a long time. So thank you. Yeah, just uh uh I echo myself. I'm excited. Um this is going to be a really exciting time just to see all the different parts of what it takes to have a successful school district. Um that there's people that have their specialties and that we can lean into those specialties without feeling like we all need to be experts on it. So to be able to rely on our wonderful accounting department and our auditors to come in and say, "Here's what we found. We've been doing this for years." it just really we can breathe a sigh of relief um to know that we don't need to nitpick through everything um and to just trust each other um so yeah I'm excited about CASBY I'm excited to
060see what this week holds for us in the next uh four years. >> Yeah. Um, I know there was a comment earlier that was made that this is a boring meeting because of the audit and as new board members it's might be difficult to understand, but I appreciate that it right out of the gate we get this financial education um and especially seeing that it's clean and that it's a well um established um audit as well. So, I appreciate that. Um, I know I said it earlier, but I'm looking forward to working with each and every person on the school board and look forward to what tomorrow can come. >> Mr. Bentley. >> Yeah, just um big shout out to to Mandy and Megan and the whole finance department. That's a that's a ton of
061work. Um, our budget in general is a ton of work and then to go through an audit of of said budget on top of their daily duties is a monumentous task. Um, I deal with budgets on a smaller scale and our we don't have to do audited financials and we we're looking at going towards them and it is such a change from unodudited to audited that it's it's it's uh I I I honestly can't believe that you guys are in a position to do it. It's just it seems like an impossible task. So kudos to you guys and it's nice to sit here in year after year and hear them say you know no findings. So, um, congratulations and thanks for all you guys do. >> Yes. Once again, thank you. Thank you for all
062your hard work. Thank you for the presentation. And our board members are going to get a little taste of of what um, Colorado School Finance looks like at CASBY. Um, and I'm looking forward to sitting in on that as well since we have a new funding formula that hopefully we get to continue to fund each year. Um, so yeah, thank you all for being here. um meet meet us back for our business meeting at 6 p.m. This meeting is adjourned. Heat. Heat.