An in-depth discussion on the results of a “clean” audit of Richmond R-XVI School District was held during a recent Board of Education meeting. The audit focused on the modified cash-basis financial statements of the governmental activities and each major fund of the Richmond R-XVI School District for the fiscal year ending June 30, 2024, according to Mandy Kaullen, a partner at Westbrook and Company. The district was granted an unmodified or “clean” audit opinion, signifying that the financial statements were fairly presented. According to Kaullen, the district incurred a net cost of $16.35 million during the year, which was funded by general revenues such as property and sales taxes. At of the end of the fiscal year, the district had total cash balances of $4.7 million and a net fund balance of $4.4 million. The audit highlighted a significant deficiency related to the segregation of duties due to limited staff, a common challenge for smaller districts. Richmond R-XVI School…