February 1, 2026/

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.

Latest News Stories

Trump Kennedy Center to close for two years; over $250M secured for renovations

By Sarah Roderick-FitchThe Center Square Those hoping to catch a show at the Trump Kennedy Center will only have a few months before it closes for a two-year renovation, President...

House GOP leaders face pushback from own members on funding bill

By Thérèse BoudreauxThe Center Square As the federal government enters its third day of a partial shutdown, House Republicans are bickering over Senate changes to the $1.2 trillion funding package,...

Lawmakers discuss budget, spending, tax credits as Illinois Senate returns

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Illinois Senate Appropriations Committee chair says greater federal scrutiny of state government spending will not change...

Nearly 2,200 Seattle-area jobs included in latest round of Amazon corporate layoffs

By Brett DavisThe Center Square Amazon is cutting approximately 2,200 corporate roles from the Seattle area as part of the company’s broader 16,000-person global layoff, according to a filing with...

Trump to slash tariffs on Indian imports after deal on Russian oil

By Brett RowlandThe Center Square President Donald Trump said Monday he would immediately slash tariffs on imports, which could mean lower costs for consumers on goods from the U.S. ally...

IL lawmakers push discount drug legislation to prevent restricted access

By Jim TalamontiThe Center Square Illinois lawmakers are pushing an amendment to ban restrictions or interference with a federal discount drug program. Speaking at a rally in Chicago on Sunday,...

Trump says worldwide tariffs aren’t taxes on U.S. consumers

By Brett RowlandThe Center Square President Donald Trump continues to defend his use of tariffs worldwide as businesses await a U.S. Supreme Court ruling on the president’s tariff authority. Trump...

Chicago downtown office space vacancy rate ends year at record high levels

By Glenn Minnis | The Center Square contributorThe Center Square (The Center Square) – Wirepoints Executive Editor Mark Glennon warns Chicago’s dwindling business community could be riding into high-gear after...

Ex-Illinois candidate sides with Vance after Duckworth–Rubio clash

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – U.S. Sen. Tammy Duckworth, D-Illinois, is facing fresh criticism after Vice President J.D. Vance likened her...

Illinois Quick Hits: Judge rules Cook County misspent $243M

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A circuit court judge has ruled that Cook County spent $243 million in violation of the Illinois...

U.S. power grid holds up in cold; warning issued

By Alton WallaceThe Center Square The electric grid powering much of the U.S. through a harsh stretch of winter has largely held up, but there is an increasing risk of...

Everyday Economics: The economy expands, but massive transformation masks weakness

By Orphe DivounguyThe Center Square The Atlanta Fed’s GDPNow model is tracking 4.2% real GDP growth in Q4 2025 – a number that screams “strong economy,” powered in part by...

Nationwide redistricting efforts could impact control of Congress

By Andrew RiceThe Center Square As the 2026 midterm elections approach, state legislatures have grappled with fierce mid-decade redistricting efforts in an attempt to give an advantage to their political...

Marijuana, abortion, noncitizen voting on ballots in 2026

By Andrew RiceThe Center Square Alongside a battle for control of Congress, voters in states across the country will take up ballot initiatives to decide key issues. Citizenship requirements for...