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Livingston Parish School Board accepts audit showing improved net position, two management comments

2354301 · February 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The school board accepted the audited financial statements for the year ended June 30, 2024. The auditor reported no material weaknesses, noted two management letter items and an unrecorded subscription-based arrangement with a $595,000 government-wide effect that was deemed immaterial.

The Livingston Parish School Board accepted the audited general purpose financial statements for the year ended June 30, 2024, after a presentation from the audit presenter and a voice vote approving the report.

The auditor told the board the report was issued on Dec. 30, 2024, and that the audit found no material weaknesses in internal control but included two management-letter comments. "We did not identify any material instances, non compliance, with any laws or regulations," the auditor said during the presentation.

The audit presentation summarized key accounting estimates and…

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