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Auditors report recurring capital‑asset weaknesses; district accepts 2023‑24 audit with corrective plan

2140081 · January 22, 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

External auditors presented the Lennox School District 2023‑24 annual audit, noting repeated weaknesses in capital‑asset records, untimely bank reconciliations and federal program findings; the board voted to accept the audit and pursue corrective steps.

Auditors presented the Lennox School District’s 2023‑24 annual financial audit to the board on Wednesday, citing a qualified federal awards opinion and an adverse opinion on governmental activities tied to incomplete capital‑asset records. The board accepted the audit and directed staff to move forward with corrective measures and the consultant work already under way to reconcile capital‑asset records.

“The district receives an unmodified opinion except for the governmental activities, which was an adverse opinion,” auditor Bobby of Ike Bailey told trustees, linking the…

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