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Solon Today
By the People, for the People
Audit Report Released for Solon Community School District
Findings include lack of segregation of duties and deficit net position
Apr. 1, 2026 at 6:03pm
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An audit report on the Solon Community School District in Solon, Iowa was released by Kay L. Chapman, CPA PC of Muscatine, Iowa on Friday, March 27, 2026. The report highlighted financial details, audit findings, and responsibilities of the district's Board of Education.
Why it matters
School district audits are important to ensure proper oversight and stewardship of taxpayer funds. The findings in this report, such as lack of segregation of duties and deficit net position, could indicate potential financial management issues that the school board will need to address.
The details
The district's revenues totaled $26,001,062 for the year ended June 30, 2025, a 1% increase from the prior year. Expenses decreased by 4% to $22,806,577. The audit report cited two findings related to the receipt and expenditure of taxpayer funds, including a lack of segregation of duties and deficit net position. The district was provided recommendations to address these findings.
- The audit report was released on Friday, March 27, 2026.
- The financial details cover the year ended June 30, 2025.
The players
Kay L. Chapman, CPA PC
A CPA firm based in Muscatine, Iowa that conducted the audit of the Solon Community School District.
Solon Community School District
The public school district located in Solon, Iowa that was the subject of the audit report.
What’s next
The Solon Community School District's Board of Education will need to review the audit findings and recommendations and take appropriate action to address the issues identified.
The takeaway
This audit report highlights the importance of strong financial oversight and internal controls for public school districts to ensure responsible stewardship of taxpayer funds. The findings indicate areas for improvement that the Solon school board will need to prioritize.
