And then in other news, last week I sent out a survey to a range of CHS students, grades 9 to 12, about feedback for the long range facilities master plan, specifically the possible changes to athletic facilities. I phrased the question as, how do you feel about the state of the Clayton Athletic Facilities? And then Parentheses gave some examples of locker rooms, dugouts, fields, etc. While some CHS students are grateful for their current athletic facilities, many wish to see cleaner and more up-to-date locker rooms and showers, dugouts for the softball fields, not just AdSic field, and general improvements to the softball field in general to make them more on par with the baseball fields. So, from what I gather, CHS students are somewhat happy with their current athletic facilities, but many wish to see changes that they feel would make their experience even better with athletics. Next semester, I plan to revisit the three elementary schools to meet with their focus groups. Ideally, I would love to do this one time per quarter, so I always have up-to-date and relevant information to present. Additionally, I will continue to meet with Principals Advisory Club and send long range facilities master plan student feedback forms to ensure the voices of high school students are being heard as well. All in all, it's been such a great first half of the year, and I've absolutely loved my role as student rep. Thank you. We've loved having you, Nina. Thank you. And leave any time you need to study.

Thank you. And leave any time you need to study. If you want to go now, that's fine. Good luck. Okay. Agenda item six, acknowledgement of receipt of fiscal year 2024-2025 audit reports. I will turn this over to our CFO, John Brazil, and the audit firm as well. Good evening, everyone. On the agenda, on the online agenda, there are the audit reports, but in front of you as well tonight there are three books that represent the audit report for the year ended June 30 of 25. The audit was conducted by the firm of KEB, and joining us tonight is Gina Cochran and Allison Weems. Gina is the partner on the job, and Allison led the audit. So I'll let them do their report, and you'll hear some good news. Perfect. Can everybody hear me okay? All right, great. So I am the partner in the engagement, Gina Cochran. I am actually retiring May 1 of 2026, and Allison was made partner May 1 of this year in anticipation of my retirement, so she will be your new partner next year. So congratulations to her. And to you. To both of you. But yeah, you'll be in great hands. So she's been doing the audit now for how many years do you think, Allison? Probably about at least 10. Yeah, at least 10 years. Great. So just to summarize and go over the financial statement audit, first just the general financial statements.

Great. So just to summarize and go over the financial statement audit, first just the general financial statements. Just to remind everybody that management is responsible for the preparing the financial statements in accordance with generally accepted accounting principles and also related to the design and implementation of and maintenance of your internal controls. Your financial statements are prepared on the accrual basis of accounting related to the government-wide financial statements, then the fund financial statements are on the accrual basis, or I'm sorry, on the modified accrual basis of accounting. Our responsibility is to express an opinion on those financial statements, and our audit was performed in accordance with generally accepted auditing standards, governmental auditing standards. We did not perform a single audit this year because your federal expenditures related to those federal grants were not in excess of $750,000, so we did not have to issue that audit report this year. And we will issue or have actually issued an unmodified opinion on your financial statements, which that's the best of three opinions we can issue. It's also known as a clean opinion, so that's what you want from us. We did not identify any material weaknesses over the financial reporting, and we did not identify any compliance issues related to laws, regulations, contracts, and grants. That's all great news. And then related to state compliance, there's a separate report that's related to that where we look and examine the specific requirements of Missouri laws and regulations regarding budgets, budgetary and disbursement procedures, and then your attendance.

That's all great news. And then related to state compliance, there's a separate report that's related to that where we look and examine the specific requirements of Missouri laws and regulations regarding budgets, budgetary and disbursement procedures, and then your attendance. That examination is performed in accordance with attestation standards established by the AICPA, and we also issued an unmodified opinion on that, and there were no findings related to that examination as well. Okay. So the next part of our presentation, you have also received a report to the Board of Education as a separate report. This is our governance letter, so on the next couple of pages we're just going to highlight some of our required communication under our professional standards. So the significant accounting policies that have been adopted by the district are disclosed in note A. Again, there's two bases of accounting presented in your financial statements, the full accrual basis in the government wide, and then the modified accrual in your fund financial statements. There were no new accounting policies adopted, so when you're comparing the accounting policies from the prior year financial statements to the current year, they are the same. There were no changes. The financial statements do include two significant estimates, comparable and consistent with the prior year, and that includes the estimate of the net pension liability and the OPEB liability that gets recorded in your government wide financial statements. It's considered a significant estimate because the actuary determines those liability amounts based on certain assumptions.

The financial statements do include two significant estimates, comparable and consistent with the prior year, and that includes the estimate of the net pension liability and the OPEB liability that gets recorded in your government wide financial statements. It's considered a significant estimate because the actuary determines those liability amounts based on certain assumptions. There were no transactions that lacked authoritative guidance or consensus in the financial statements. We're required to be independent of the board and your management, and we are in fact independent, and we're just required to disclose that to you all. We also look at the note disclosures that accompany your financial statements and found those to be neutral, consistent, and clear, and then we didn't have any difficulties encountered in performing our audit. John and his team were very well prepared for us. We didn't have any disagreements with management, and as part of our audit we do take a risk-based approach, so we did identify two significant risks that were required to disclose to you all. These risks are the same as prior year. Again, they're inherent risks. It does not mean that management or the board needs to take any action on these risks. They're just areas where we focus our audit, and those risks are not necessarily related to the management. Those are related to management override of controls.