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Board reviews financial statements; child-nutrition procurement audit noted
Summary
District staff presented financial statements showing revenues exceeding expenditures and reported a procurement audit of the child nutrition department by the state agency. The board approved the financial statements and asked staff to follow up on recordkeeping and posting concerns raised during the discussion.
District staff presented financial statements and a summary of fund balances and cash-on-hand. The presenter reported revenues were higher than expenditures in the general fund and in all funds combined, and that the district’s all-funds cash balance had decreased compared with prior reporting periods. Specific figures were read into the record by staff during the presentation.
Staff also reported that the child nutrition department underwent a procurement audit by the Mississippi Department of Education (MDE). The audit reviewed purchasing records and compliance with procurement rules. Board members discussed concerns about recordkeeping and public posting of financial data. Staff and board members agreed to follow up with other districts to identify best practices for posting and record maintenance.
After discussion, a motion to approve the financial statements was moved, seconded and approved by voice vote as recorded in the meeting transcript.
Ending — The board approved the financial statements and directed staff to follow up with additional documentation and to address procurement-record concerns raised during the MDE audit discussion.
