Casey-Westfield Board Accepts Clean Audit, Notes Dip in Financial Profile Score due to Bonds

Spread the love

Casey-Westfield Board of Education Meeting | Jan. 26, 2026

Article Summary: The Casey-Westfield School Board reviewed the fiscal year 2024 annual financial report, which showed a clean audit with no findings regarding federal funding expenditures. While the district maintained its high-ranking “Recognition” status, its financial profile score decreased slightly due to a change in the district’s long-term debt profile.

Casey-Westfield School Board Key Points:

  • Clean Audit: Kemper CPA Group reported no findings on expenditures of federal funding for the fiscal year.

  • Score Adjustment: The district’s financial profile score moved from 4.0/4.0 to 3.55/4.0.

  • Reason for Change: The score decrease is attributed to a change in the long-term debt profile resulting from a bond issue in FY25.

  • Status Maintained: Despite the score drop, the district retains “Recognition” status, the highest profile status a district can earn.

The Casey-Westfield Board of Education on Monday, January 26, 2026, accepted the fiscal year 2024 annual financial report and fiscal year 2025 audit, which confirmed the district’s finances are in good standing despite a statistical drop in its financial profile score.

Brian Bradbury of Kemper CPA Group presented the report to the Board, stating that the district received a clean audit for fiscal year 2025. Bradbury noted there were no findings regarding the district’s expenditures of federal funding during the year.

While the audit was clean, Bradbury reported a change in the district’s financial profile score. The score dropped from a perfect 4.0 out of 4.0 last year to a 3.55 out of 4.0.

According to the minutes, this lower score is the direct result of a change in the district’s long-term debt profile caused by a bond issue in fiscal year 2025. Despite this statistical change, the district maintained its “Recognition” status, which is the highest financial profile status a school district in Illinois can achieve.

The Board voted unanimously to accept the audit report and approve the Annual Financial Report as presented.

Leave a Comment





Latest News Stories

City Council Meeting Briefs.Purple

Casey Council Meeting Briefs

July 4th Planning Begins: City Clerk Jeremy Mumford reminded the council that planning for the 4th of July celebration needs to begin soon. Mayor Mike Nichols asked the Downtown Improvement/Festivals...
Casey Westfield School Board.1

Casey-Westfield Board Approves Major Technology Upgrades, Facility Improvements

The Casey-Westfield School Board approved significant technology and facility upgrades totaling more than $76,000 during Monday's meeting, while also addressing multiple personnel changes as the district prepares for summer construction...
Casey Westfield School Board.2

Casey-Westfield Students Excel in Academics and Community Service

Casey-Westfield students demonstrated exceptional achievement across multiple areas while participating in unique educational experiences and community service initiatives, according to administrator reports from Monday's board meeting. High school students received...
Casey Westfield School Board.3

SCHOOL BOARD MEETING BRIEFS

Summer Construction Planned: Major facility improvements begin after Memorial Day, with cafeterias closed June 2-17 for asbestos abatement and Agriculture/Industrial Arts Building without power for electrical upgrades. State Track Qualifiers:...
Casey Westfield School Board.2

Casey-Westfield School Board Reorganizes Leadership, Seats New Member

The Casey-Westfield School Board completed its post-election reorganization Monday evening, maintaining current leadership while welcoming new member Mike Fouty and establishing committee assignments for the coming term. The organizational meeting...
Casey Westfield School Board.3

SCHOOL BOARD BRIEFS

Election Results Certified: The April 1 school board election results were officially certified, with Mike Fouty joining as the new member after receiving 282 votes for a four-year term. Leadership...
Casey Council Meeting Graphic.1

Casey Completes $498,279 Housing Rehabilitation Grant Project

The City of Casey successfully completed a nearly half-million dollar housing rehabilitation program that brought nine homes up to code and assisted 19 low-to-moderate income residents, officials announced during a...
City Council Meeting Briefs.Blue

CITY MEETING BRIEFS

Grant Administration Success: The Coles County Regional Planning & Development Commission successfully administered the $498,279 housing rehabilitation grant with 100% of funds reaching qualifying low-to-moderate income households. No Resident Displacement:...
Casey Westfield School Board.3

Casey-Westfield Board Approves $100,000+ in Technology and Facility Upgrades

The Casey-Westfield School Board approved more than $100,000 in technology purchases and facility improvements during Monday's meeting, while also addressing administrative cost limitations and preparing for new board member transitions....
Casey Westfield School Board.1

Casey-Westfield Students Excel in Academics and Community Service

Casey-Westfield students demonstrated exceptional achievement across academic competitions, community service, and educational experiences, according to administrator reports presented during Monday's board meeting. High school students showcased academic excellence through multiple...
Casey Westfield School Board.2

SCHOOL BOARD MEETING BRIEFS

Bond Funds Secured: The Series 2025 HLS Bonds closed April 15 with proceeds deposited at Casey State Bank and fully collateralized, advancing facility improvement projects. Board Transition Pending: New board...
Casey Council Meeting Graphic.1

Casey Council Approves Major Equipment Purchase, Awards Tree Removal Contracts

The Casey City Council authorized the purchase of a $191,537.50 hydro-vac truck and awarded contracts totaling more than $40,000 for tree and stump removal projects during Monday's meeting, while also...
Casey Council Meeting Graphic.2

Casey Committee Maintains Chicken Ban, Advances Planning Initiatives

Casey city committees addressed livestock regulations and economic development planning during meetings held before Monday's council session, with decisions that will affect both residential regulations and long-term community growth. The...
City Council Meeting Briefs.Purple

CITY MEETING BRIEFS

Pond Project Installation: The valve structure for the park pond project arrived Tuesday with installation work beginning this week, continuing progress on the recreational facility enhancement. Sidewalk Bids Scheduled: Contractor...
Casey Council Meeting Graphic.1

Casey Council Approves Union Contract, Issues Historic Founding Day Proclamation

The Casey City Council approved a tentative agreement with the ICOP Union and signed a proclamation commemorating the city's founding during Monday's meeting, while also advancing several business and infrastructure...