Board hears audit-prep update; internal service fund and workers' comp described
Finance staff told trustees the district is preparing for the fiscal '26 external audit and single audit for federal funds; staff said the internal service fund (workers' compensation) is solvent and that audit work is ongoing into October.
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Presenter said the district has begun audit preparations for fiscal 2026, including work on the single audit for federal funds, and noted the external audit team will return in October to finish the financial audit. Staff described the single-audit process and said auditors receive PEIMS and other submissions throughout the year as background to the annual compliance audit.
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