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Board of Finance flags $32,000 discrepancy in Board of Education report, asks business director to appear
Summary
During a Sept. 16 Board of Finance meeting, members accepted the Board of Education budget performance report through Aug. 31, 2025, but raised a $32,000 discrepancy in employee-benefits entries and asked that the Board of Education's business director and facilities director attend the October meeting to clarify trial-balance issues.
The Board of Finance accepted the Board of Education budget performance report for the fiscal year through Aug. 31, 2025, but members raised process questions after finding a $32,000 discrepancy in the employee-benefits line, specifically in the health-insurance account.
Board member questions focused on whether accounting entries were being posted after the performance reports were prepared and whether those adjustments were consistent and documented. Finance staff and the board said the Board of Education submitted a trial balance to auditors, then had to revise it because auditors found items that did not reconcile.
Board members asked that the Board of Education business director and facilities director attend the Board of Finance’s October meeting to walk through the performance report, explain the $32,000 difference, and provide an update on a capital-reserve reallocation request and outstanding capital projects. The board also noted the Board of Education has issued an RFP for roof work at the intermediate school and that the business director had reported a $1.5 million surplus being transferred into a nonlapsing education fund.
The Board of Finance said questions about the trial-balance reconciliation are appropriate to pose directly to the Board of Education’s business director and that staff will follow up with the directors and auditors to resolve the discrepancy before final audit closeout.
