During a recent government meeting, officials discussed the status of an important audit for the school district. The audit is currently under review and is expected to be completed by the end of this week. It will then be submitted to the Department of Education and Early Development (DEED) at the beginning of next week.

A key concern raised was the potential consequences of missing the November 15th audit deadline. Officials clarified that DEED does not have a formal extension process. If the audit is not submitted by the deadline of 10 a.m. on December 10th, the district risks having its first state aid payment for December withheld.

The audit firm is optimistic about providing a draft of the audit soon, allowing time for review and necessary approvals before the submission deadline.

Another point of discussion was the delay in confirming revenue sources, which typically takes 60 to 90 days. Officials explained that the delay stemmed from ongoing negotiations with DEED regarding the elimination of health insurance liabilities. The district had been working to address these liabilities, which involved complex discussions with DEED and the borough. However, it appears that the borough is not currently willing to take on this issue, preferring to manage it in future fiscal years.

Overall, the meeting highlighted the urgency of completing the audit and the challenges faced by the district in meeting deadlines and managing financial liabilities.