St. Joseph School District Audit Reveals No Major Issues

The St. Joseph School District, located in St. Joseph, Missouri, recently concluded its audit for the 2024–2025 fiscal year, with findings indicating no significant deficiencies or material weaknesses. The audit was conducted by Jon Cummings from KPM CPAs, who presented the results during a recent Board of Education meeting. Robert Hedgecorth, the Assistant Superintendent of Business and Operations, highlighted that the recommendations from the audit would be crucial as the district focuses on budget recovery.

One of the key recommendations from the audit was the need for timely reimbursement filings for Title funds. Hedgecorth noted the importance of closely monitoring operating fund balances to enhance fiscal health. “We aim to return to the 20% board policy that we have. The auditor recommended 25%; our policy is at 20%, with a middle ground of 22 or 23%, which is a good place to be,” he explained. This emphasis on maintaining a robust financial position comes as the district prepares for its next budget cycle.

As part of its recovery strategy, the district plans to reduce its budget by $4 million each year over the next two years, amounting to a total of $8 million in expenditure reductions. Hedgecorth indicated that projected revenue estimates were instrumental in setting this target. “These discussions will be challenging because some of those budget allocations we reduced last year are tied to the building consolidation plan,” he stated.

Hedgecorth also pointed out that staff attrition, including retirements and resignations, would contribute to lowering expenses, particularly with fewer buildings requiring staffing. He expressed confidence that stakeholders within the district understand the necessity of these measures. “I think people will come with the right mindset,” he added.

The district’s leadership, under Hedgecorth’s guidance, is committed to navigating the financial challenges while ensuring responsible fiscal management in preparation for the upcoming school year. As they move forward, the focus will remain on careful planning and collaboration with principals and directors during budget meetings.

The audit findings and budget plans reflect the district’s proactive approach to maintaining financial stability while adapting to the evolving needs of the educational environment.