District audit concluded cleanly; small immaterial corrections noted

Jeff Mahoney, the district’s business manager, presented the recently completed financial audit and told trustees the audit "concluded cleanly with no significant issues." He said the audit was submitted to the Department of Public Instruction and the Department of Health Services.

What auditors found: Mahoney reported auditors identified some immaterial misstatements that management corrected; one clarified example involved classification of funds held by the Dane County Consortium and another involved a $55,000 multiyear classified expense tied to a three‑year GoGuardian subscription. He said the remaining uncorrected items are immaterial.

Accounting standards and disclosures: Mahoney flagged GASB 101 and 102 changes affecting how compensated absences and certain disclosures are presented, noting a $205,000 change to an assumption estimate but describing it as immaterial to day‑to‑day operations.

Board response and follow up: Trustees thanked Mahoney and auditing staff; Mahoney invited questions and offered to provide further detail. No votes were required; the audit will be posted on the district website and staff will begin preparations for next year’s audit.