The SJUSD Annual Financial Audit Report 2024-25 - Governance Letter outlines the audit of the San Jose Unified School District's financial statements for the year ended June 30, 2025. The audit was conducted in accordance with professional standards, and the auditors communicated their responsibilities, significant risks identified, and the planned scope and timing of the audit. The report indicates that no significant difficulties were encountered during the audit, and there were no disagreements with management. It also discusses significant accounting estimates and misstatements, concluding that the identified uncorrected misstatements were immaterial. The report is intended for the Board of Education and management of the District.
Key points
The audit covers the financial statements of the San Jose Unified School District for the year ended June 30, 2025.
The auditors communicated their responsibilities under Generally Accepted Auditing Standards.
No significant difficulties were encountered during the audit.
No disagreements with management arose during the audit.
Significant risks identified include management override of controls and improper revenue recognition.
Uncorrected misstatements were identified but deemed immaterial.
The report is intended for the District's Board of Education and management.
Limitations
The text does not provide specific details on the financial statements or the results of the audit.
There are unresolved placeholders and blank fields that affect the completeness of the summary.
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January 16, 2026 To the Board of Education San Jose School District San Jose, California We have audited the financial statements of the San Jose Unified School District (District), as of and for the year ended June 30, 2025 and have issued our reports thereon dated December 15, 2025 and January 16, 2026. Professional standards require that we advise you of the following matters relating to our audit. Our Responsibility in Relation to the Financial Statement Audit under Generally Accepted Auditing Standards and Government Auditing Standards and our Compliance Audit under the Uniform Guidance As communicated in our letter dated January 13, 2025, our responsibility, as described by professional standards, is to form and express an opinion about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material...
The document is the SJUSD Annual Financial Audit Report for the San José Unified School District, covering financial statements as of June 30, 2025. It includes an independent auditor's report, management's discussion and analysis, government-wide financial statements, proprietary fund financial statements, required supplementary information, and other information related to the district's financial performance and compliance.
Key points
The report includes an independent auditor's opinion on the financial statements.
Management is responsible for the preparation and fair presentation of the financial statements.
The district serves over 24,000 students across 41 schools.
The demographic breakdown of students includes 53.55% Hispanic/Latino, 20.46% White, 14.25% Asian, 2.16% African American, and 9.58% Other.
The district employs approximately 3,000 people.
Limitations
The text is truncated and does not provide complete information about the charter schools or other sections.
Certain placeholders and blank fields are present, indicating missing information.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 184,637 chars
Financial Statements June 30, 2025 San José Unified School District eidebailly.com San José Unified School District Table of Contents June 30, 2025 Independent Auditor’s Report ................................................................................................................................... 1 Management’s Discussion and Analysis .................................................................................................................... 5 Government Wide Financial Statements Statement of Net Position ................................................................................................................................... 15 Statement of Activities......................................................................................................................................... 17 Government Fund Financial Statements Balance Sheet – Governmental Funds ................................................................................................................. 18 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ............................ 19 Statement of Revenues, Expenditures, and Changes in Fund...