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Board accepts internal-accounts audit; auditor flags recurring receipt and transfer weaknesses
Summary
External auditors presented the fiscal-year audit for year ending June 30, 2024, issued an unmodified opinion and reported 11 significant deficiencies — recurring problems with unsupported disbursements, inadequate pre-numbered receipts, and unsupported transfers at several schools — and the board voted to accept the audit.
An external audit of the district’s internal accounts for the year ending June 30, 2024, was presented and accepted by the Madison County School Board. The auditor said the firm issued an unmodified (clean) opinion but found 11 significant deficiencies, down from 14 the prior year.
“Normally we have findings of internal control weaknesses … this year we did not classify the deficiencies as a material weakness,” the auditor said, describing how software and earlier decisions to cash…
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