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Audit Committee reviews FY2024 audit findings, accepts fund-balance statement
Summary
The Audit Committee reviewed three findings from the FY2024 audit — late permit-payment deposits, repeated purchase-order issues at the Water and Sewer Utility, and a school federal-program cash overdraft — and voted to accept the school system fund-balance statement.
The Audit Committee met to review the fiscal year 2024 audit and accepted the school system fund-balance statement after discussion of three audit findings.
The committee discussed three findings flagged in the FY2024 audit report: payments for building permits that were recorded on the day permit packets were picked up rather than the date payment was received (creating apparent violations of a three-day deposit requirement); repeated failures by the Water and Sewer Utility Department to properly issue purchase orders under county policy; and a cash overdraft in the school federal program fund of $21,006 on June 30, 2024. Committee members said each finding has a corrective action plan on file in the…
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