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Business office: preliminary audit looks good; federal special-program funds released and initial state projections provided
Summary
Business office staff told the board Aug. 11 that preliminary audit work is proceeding well and that previously withheld federal funds for special programs have been released; the state issued initial allocation projections and the district had already budgeted expecting those funds.
At the Aug. 11 meeting the business office reported it is closing out the prior fiscal year and that a preliminary audit review showed no major concerns.
"We have gone through our preliminary audit with our audit team. So far, everything is looking very good," a business office representative (Ms. Solf) told the board. The full, on‑site audit is scheduled for September and the auditor team will produce a comprehensive audit report later in the year.
Board members asked about previously withheld federal funds referenced during an earlier meeting. A district representative said the federal government decided to release those funds and the state sent initial allocation projections to districts last week. The district had budgeted expecting those allocations and said it is prepared to claim the funds; staff noted the district had not yet completed the claiming process.
The business office also said it has deferred producing full-year initial budget projections for August because ongoing labor negotiations could change the numbers. "Because we are still in negotiations, and we know no matter what I put on those reports, potentially later this week, it could be incorrect or need to be updated," Ms. Solf said.
Board members requested copies of last year’s audit and budget documents; Ms. Solf said she could provide hard or electronic copies for board review.
No formal budget action or vote was taken at the meeting.
