The numbers are in and things are leaning toward the positive side when it comes to the financial aspects of Mariposa County Unified School District.
Aubrey Mann, a representative from Wilkinson Hadley King & Co. LLP presented the audit findings for the 2024-2025 school year during the school board meeting on Jan. 15.
“I’m happy to be here to present the results of the audit for the period ending in June, 2025,” began Mann.
MCUSD ended the year with a strong financial foundation, a healthy reserve balance and no audit findings.
Healthy reserves were represented by unassigned fund balances in the general fund equally to 26.76 percent of total expenses.
Growth and stability were visible with average daily attendance (ADA) having increased to 1,500 (up 30 ADA over the past two years) which supports stable funding for the district.
“Financial statements as presented are a fair representation of the school’s financial position as of June 30, 2025,” Mann said.
MCUSD reported total assets and deferred outflows of resources of $69.8 million including $29.3 million in cash and cash equivalents.
“This indicates strong liquidity,” continued Mann.
“Net position totaled $16 million of which $8.3 million is invested in capital assets, net and related debt and $10.1 million reflecting restricted net position and a deficit of $2.5 million in unrestricted net position. Total liabilities and deferred inflows were $53.8 million with the largest balances in general obligation bonds payable at $22.8 million and net pension liability at $19.5 million.”
For the fiscal year total revenues were $36.7 million primarily from property taxes at 49 percent, unrestricted federal state aid at 23 percent and restricted program revenues at 20 percent.
“The total expenses were $36 million, resulting in a small surplus of $0.7 million,” Mann said.
“The majority of spending (78 percent) represented instruction, instruction related services, pupil services and ancillary services.”
There were two audit findings which were reported in the 2023-2024 audit that the organization followed up on.
The first audit finding involved clerical errors in attendance reporting.
“We’re happy to report that the recommendations were implemented and we did not identify any issues for the current year,” Mann said.
The second finding involved documentation of kindergarten continuation on a form not approved by the California Department of Education.
“We did not find any instances of this issue in the current year,” said Mann.
“All findings have been resolved in their entirety.”
During the audit the internal control structure of the district was also evaluated in addition to federal and state compliance.
“There were no material weaknesses or significant deficiencies identified,” Mann said.
“We did not identify any non compliance under federal compliance and for state compliance we also did not identify any noncompliance.”
There were no findings to report for the 2024-2025 year.
Measure L Bond
The MCUSD Measure L Bond Fund expended 46 percent of the remaining funds on bond projects improving school sites of the district.
“The remaining funds available for bond projects sits at $1.8 million as of June 30, 2025,” explained Mann.
“Financial statements as presented in the bond audit are a fair representation of the bond’s financial position as of June 30, 2025.”
As of that date, MCUSD reported total assets in the bond fund of $1.8 million all of which was cash and cash equivalents.
Accounts payable equated to $17,000 and the fund balance at $1.8 million.
“For the fiscal year of 2024-2025 the fund received $162,000 in interest and investment earnings and spent $1.7 million in bond projects which included 93 percent in long-term capitalizable assets,” continued Mann.
“We reviewed the internal control structure of the bond program and the performance requirements and we did not identify any material weaknesses or significant deficiencies in internal controls. We did not identify any noncompliance to the bond requirements under Proposition 39.”
The county side
Mariposa County Office of Education ended the year with a strong financial foundation, a healthy reserve balance and no audit findings.
The results showed healthy reserves as the unassigned fund balances in the county school services fund totaled to 85.97 percent of overall expenses, indicating a strong reserve status.
The findings showed stability in that the county operated average daily attendance (ADA) remained steady at 45 supporting stable program funding.
“The financial statements as presented are a fair representation of the School’s financial position as of June 30, 2025,” Mann said.
The audit results showed no material weaknesses, no significant deficiencies and no issues with federal or state compliance.
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