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Audit Report on District Finances

Last month, the School Board received a report from our financial auditors. Contrary to what many people believe about local property taxes, we learned that Princeton Public Schools is among the lowest-spending and lowest-taxing school districts in the state. According to the independent auditors, Princeton receives $2,500 per student less than the state average in general fund revenue. The local property tax effort behind each student is $1,100 less than the state average. 

“We are providing an outstanding education for students,” stated Superintendent Ben Barton. “And we are doing so while spending a lot less per student than average in Minnesota. At some point, we have to ask the question: shouldn’t our Princeton students have the same investment supporting their education that other students in Minnesota receive?”

Princeton Public Schools received a “clean audit” report, and the auditors complimented the District’s financial team on being well-prepared for the audit. The independent auditors reported no findings regarding internal controls, state legal compliance or management of federal funds. The district is fortunate to have a highly skilled and experienced financial team protecting the taxpayers' investments in students and learning. 

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