Auditor issues 'clean' opinion; board approves budget adjustments, checks and donations

Auditor Mike Stone of Stone McGee and Company presented the district’s audit to the Silver Consolidated School Board on March 19 and reported highly favorable results.

Stone told trustees the district received an unmodified opinion on its financial statements and an unmodified opinion on the federal programs the audit tested — language the auditor described as the highest opinions an auditor can give. He said the audit produced "no findings or recommendations," praising central-office staff for thorough recordkeeping and cooperation during the audit process.

After the auditor's presentation the board considered consent-agenda financial items. Director of Finance Michelle McCain asked the board to approve checks written in February totaling $3,874,792.44 and a set of budget adjustments informed by the audited cash balances. McCain explained a handful of adjustments: moving electrical costs into the ARC McKinney Dental installation budget, recognizing a $110,443 state allocation for food-service compensation that must be spent by year-end, and incorporating audited carryover amounts into operational, local-revenue and food-service funds. She also presented small donations for approval: Beck Family Dental gave $1,000 to the high school track and the Grant County Golf Association donated $500 to the golf team.

The board approved the consent agenda by motion and voice vote after McCain clarified that these are not new funds but reallocation and carryover authority based on final audited balances.

Next steps: the audit cycle will repeat next year per the procurement schedule; the board discussed the auditor’s rotation options referenced in the audit committee meeting and asked staff to schedule follow-up presentations on budget and capital scenarios in upcoming meetings.