The Beaverton School District board on Dec. 9 received the district’s annual comprehensive financial report and a clean audit opinion, heard a bond program update showing major projects on time and on budget, and approved several action items including the Student Investment Account grant agreement.

Audit results and financial context: Audit committee chair Rob Drake reported the district received a clean opinion and two awards for excellence in financial reporting, calling the outcome “a gold medal” for staff work. Finance staff noted the single‑audit section will be issued separately because federal compliance guidance was delayed; district staff said they separated that piece to meet state submission deadlines.

Bond and capital projects: Bond administrator Aaron Boyle said Beaverton High School, Raleigh Hills and Oak Hills classroom additions are on schedule and budget, with Beaverton High expected to open in fall 2026. Boyle highlighted sustainability measures — insulation, LED lighting, solar panels and energy‑efficiency incentives — and said the 2022 bond has already generated energy savings and outside reimbursements.

ERP and operational notes: CIO Steve Langford summarized an ERP replacement that begins in January with core financials and will add HR/payroll by June, and reported significant cyberthreat volumes requiring ongoing mitigation.

Board actions and votes (at a glance):
- Consent agenda: approved unanimously (7‑0).
- Bond contingency allocation: motion approved unanimously (7‑0) to allocate funds as presented.
- Superintendent search criteria: board approved revised criteria (unanimous).
- Student Investment Account (SIA) grant agreement: board moved and approved the SIA grant agreement, which staff said will bring roughly $76,000,000 over the current and next biennium for programs targeting achievement gaps and student supports (vote 7‑0).
- Policy revisions (IIA and JHCA): approved as submitted; other policy updates set for future action.
- OSBA/OSBA/LPC endorsements: board recorded support for several candidates; votes carried.

Why it matters: The clean audit and bond project progress are signals of fiscal stewardship and capital accountability. The SIA grant provides a major funding stream for equity‑focused programs but board members cautioned the district must consider potential state funding reductions (ODE asked agencies to identify 2.5% potential cuts) when planning next year’s budget.

What’s next: Staff will deliver the separate single‑audit report when available, and the budget and SAM committee will continue working on prioritization and potential reductions ahead of the February state revenue forecast and the budget cycle.

Ending: The board completed routine elections and policy votes, confirmed operational updates and adjourned at 10:53 p.m.