Plante Moran Issues Clean Audit for Saline Area Schools Amidst Healthy Reserves and Enrollment Increase
Saline Area Schools concluded the 2025-26 fiscal year with a robust $23.1 million in general fund reserves and received a clean financial audit from independent auditors Plante Moran. This report was presented to the Board of Education on November 10. The clean audit opinion signifies that the district's financial statements accurately reflect its financial position in accordance with accepted accounting standards for the fiscal year ending June 30. The district's general fund balance saw an increase of $676,549, bringing total reserves to approximately $23.1 million. These reserves represent 27.9% of annual operating expenditures, which is higher than the latest statewide average of 24.6% for the 2024-25 fiscal year and equivalent to about 14 weeks of operating costs. Despite an 11.4% increase in expenditures, primarily due to salaries and benefits accounting for 85% of spending, the district maintained a healthy financial standing. Superintendent Rachel Kowalski also reported a slight increase of one stu...
