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New internal-audit supervisor outlines plan to refocus on audits, reviews $21.1M independent activity funds
Summary
Melvin Phillips, internal audit supervisor, told the Fiscal Management Committee that the Internal Audit Unit will strengthen independence from day-to-day IAF operations, adopt a risk-based approach, issue audit opinions, and focus audits on the district’s $21.1 million Independent Activity Fund and CIF balances.
Melvin Phillips, the recently appointed internal audit supervisor, briefed the Fiscal Management Committee on Sept. 17 on a fiscal‑2025 recap and the FY26 internal‑audit work plan, saying the office will refocus on audit oversight and away from day‑to‑day activity‑fund administration. "My goal is to dig a more clear trench between IAU as an entity of the board and the superintendent's operations," Phillips said.
IAF balances and CIF: Phillips reported the Independent Activity Fund (IAF) closed FY25 at about $21.1 million, up $1.7 million from the prior year. He said receipts have exceeded disbursements in recent years and that the Central Investment Fund (CIF) — a centralized savings vehicle for…
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