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Audit committee reports unmodified opinions for 2023‑24 audits, cites findings and corrective plans
Summary
Audit committee vice chair Shelby Green reported that the district received unmodified opinions on the 2023‑24 financial‑statement and federal single audits but that auditors found a set of issues the district is addressing with corrective action plans.
Shelby Green, vice chair of the Leon County School Board Audit Committee, presented highlights from the committee's March 20 meeting and summarized the most recent external and internal audit work. She said the district received unmodified opinions on the District Financial Statement Audit and the Federal Single Audit for fiscal year ending June 30, 2024 — the highest level of assurance a CPA firm can issue.
Green said the external audits nonetheless included findings. The financial‑statement audit required a number of audit adjustments and noted issues in the bank reconciliation process for the district's revolving account and questions about capital asset beginning balances and depreciation accuracy. An audit of school internal accounts (activity funds) produced seven findings including internal control weaknesses at Lively Technical College, segregation‑of‑duties concerns at school sites, incomplete documentation for cash disbursements and receipts, issues with ticketed events and fee accounts, and untimely monthly reconciliations. Green said the auditors described these findings as routine given the high transaction volume across more than 40 school sites and noted the district "has seen significant improvement related to internal accounts."
An internal audit of Griffin Middle School, completed after a special management request, found exceptions related to timekeeping and payroll processes for positions funded with 21st Century and Title I funds and unauthorized collection methods for school internal account funds. The director of internal auditing provided the committee with recommendations to comply with state and district governing authorities.
Chairwoman Cox and other board members thanked audit staff and external auditors. Green said the audit committee meets quarterly and will report again to the board in August 2025. Superintendent Hannah said the finance team had already begun corrective actions in response to the external findings.
Ending The board received the audit committee report; staff described corrective action plans already underway and committed to follow‑up reporting to the audit committee and the board.
