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Audit review: Gravette business manager disputes boilerplate language on attempted withdrawals
Summary
District business manager told the board auditors used stock language describing five unauthorized withdrawals totaling $19,008.20; district staff said the bank immediately reversed the items and no money left the account.
The Gravette School District’s business manager reviewed the district audit during the July board meeting and disputed standard auditor language describing five “unauthorized withdrawals” totaling $19,008.20.
In his report, the business manager said the district detected the activity in routine bank-review procedures and used the bank’s positive-pay system to prevent payment of fraudulent checks. He told the board the bank credited the…
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