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Committee hears audit progress: 2023 surplus driven by benefits; 2024 planning nearing completion
Summary
Assistant Director of Finance Joanne Stirk and auditors told the finance committee that the $7.9 million 2023 surplus is largely driven by employee benefits accounting, that student activity fund reporting has improved, and that planning for the 2024 audit is nearly complete with a target draft in August to move audits toward timeliness.
Joanne Stirk, assistant director of finance for the Danbury School District, briefed the finance committee on audit progress for fiscal 2023 and 2024, saying the surplus listed in the district’s Tyler Technologies system for 2023 — about $7.9 million — is almost exclusively driven by employee benefits accounting and related budgeting inconsistencies.
Stirk said employee benefits lines in the ledger are labeled in ways that obscure the mix of social security, health insurance, workers’ compensation, unemployment and other benefits. She told the committee the $8.5 million aggregate driver of the…
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