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Franklin Special School District board accepts 2023–24 audits and approves first readings of two policy revisions
Summary
At a regular meeting, the Franklin Special School District Board of Education accepted unmodified audit opinions for fiscal 2023–24 and approved first readings of policy revisions on advanced-course enrollment and promotion/retention; final adoption of the policies will return for a later meeting.
The Franklin Special School District Board of Education accepted the district’s 2023–24 audit reports and approved first readings of two revised policies at its recent meeting.
The acceptance of the audits followed a presentation by the district’s auditor, identified in the meeting as Andy, who said the firm issued “an unmodified opinion,” noting no significant deficiencies or material weaknesses on the audits for the fiscal year ended June 30, 2024.
The audit presentation covered both the internal school funds and the districtwide financial statements. The auditor reported an internal funds balance of just under $640,000 and said the district’s net position at fiscal year end was just under $54 million. The auditor also reported total district revenues a little over $75 million and capital outlay just over $23 million.
Board members moved to accept the audit reports as presented and held a roll-call vote; the transcript records individual "yes" votes for members identified as Robin and Tim. The administration had recommended approval of the audit reports.
The board also approved first readings of two policy revisions submitted for review: a revision to Policy 4.205 (enrollment in advanced courses) reflecting updates from the district’s administrative honors committee, and a revision to the promotion and retention policy updated to reflect recent State Board of Education regulations and TSBA model policy changes. Both policy items were approved on first reading and will return for a subsequent meeting for second reading and possible final action.
Why it matters: Acceptance of an unmodified audit indicates the auditor found the district’s financial statements and internal controls adequate for fiscal 2023–24, and the policy revisions reflect administrative updates and state regulatory changes that will affect how advanced-course enrollment and voluntary retention requests are processed.
Votes at a glance: • Acceptance of 2023–24 audit reports — motion to accept audit reports as presented; mover/second not specified in the transcript; outcome: approved (roll-call votes include recorded "yes" votes for Robin and Tim). • Policy 4.205 (enrollment in advanced courses) — motion to approve first reading; mover: not specified; second: recorded; outcome: approved on first reading. • Promotion and retention policy revision — motion to approve first reading; mover/second recorded; outcome: approved on first reading.
Next steps: The two policy revisions are at first-reading status and will return for subsequent consideration; the audit acceptance completes the formal review for 2023–24.
