In a recent meeting of the Adams 12 Five Star Schools' Financial Advisory Committee (FAC), key discussions centered around the district's IT recommendations and the results of the single audit for fiscal year 2024. The meeting highlighted the district's commitment to improving its IT policies and cybersecurity measures, as well as its successful management of federal awards.

The meeting began with a review of new auditing standards that will be implemented for the fiscal year. These standards require a more thorough examination of IT systems, which is crucial for enhancing cybersecurity and disaster recovery plans. While the review was described as relatively shallow, it prompted recommendations for improving IT policies and testing backup systems. Importantly, these recommendations were framed as best practices rather than significant audit findings, indicating that the district's overall IT management is sound.

The single audit results were particularly noteworthy, as the district received approximately $48.7 million in federal awards without any findings or questioned costs. The audit focused on major programs, including the special education cluster and the emergency connectivity fund, which facilitated the purchase of Chromebooks for students and faculty. The absence of issues in the audit reflects positively on the district's financial management and operational integrity.

The meeting concluded with a commendation for the district's clean audit opinion, which signifies that the financial statements were materially correct and well-organized. This achievement is particularly significant as many organizations often face adjustments during the audit process. The district's effective oversight, including the inclusion of charter schools in its financial statements, further underscores its comprehensive approach to financial governance.

Looking ahead, the district will continue to address the IT recommendations, focusing on documentation and adherence to established procedures. While there may be some adjustments in time allocation for these tasks, officials indicated that they do not anticipate significant budgetary impacts. The meeting emphasized the importance of maintaining high standards in both financial and IT practices, ensuring that the district remains accountable and transparent in its operations.