Reed Union School District Annual Financial Audit Report 2023-24
The official document
What the district published
This is the source material — exactly as released by RUSD. The plain English translation below is this site's version, written for community members who shouldn't need a budget degree to understand where their school dollars go.
Original PDF coming soon — check reedschools.org for the source document.
In plain English
What this document actually says
This is the independent financial audit report for Reed Union School District for the fiscal year ending June 30, 2024. The audit was conducted by a certified public accounting firm to verify the district's financial statements are accurate and comply with accounting standards. The report includes an examination of the district's governmental activities, major funds (General Fund, Bond Interest & Redemption Fund, and Granada Lease Fund), pension liabilities (CalSTRS and CalPERS), and other post-employment benefits (OPEB). The auditor issued unmodified (clean) opinions on most areas, meaning the financial statements are fairly presented. However, an adverse opinion was issued regarding a component unit that was not included in the reporting. The report includes budget comparisons, schedules of revenues and expenditures, compliance with state requirements, and findings from the audit.
What this means for your family
This audit confirms the district is managing taxpayer dollars responsibly and following proper financial procedures. The clean audit opinion means families can trust that school funding—including money for teachers, programs, and facilities—is being tracked and spent appropriately. Any findings or recommendations help ensure continued financial stability for the schools your children attend.
Summaries are AI-assisted and based on the original district document shown above. Nothing has been editorialized — interpretations are clearly labeled. This site is maintained by Lina Godfrey's campaign as a community resource.