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Independent procurement audit finds no findings for FY2024 in Lexington 1
Summary
An independent auditor reported no findings in the district's FY2024 procurement audit, confirming compliance with state agreed‑upon procedures; the board heard the report and asked procedural questions about sample selection.
An independent accounting firm told the Lexington County School District 1 board on June 10 that the district’s fiscal year 2024 procurement audit produced no findings.
Director Brian Nicholson of Malden and Jenkins presented the agreed‑upon procedures report required when districts exceed $75 million in budgeted expenditures. Nicholson said auditors reviewed a range of procurement controls and transactions including single‑transaction limits, procurement card usage, and selected construction and architecture procurements. "We had no findings as it relates to these procedures," he said.
Nicholson explained the firm reviewed procurement cards to confirm monthly reviews were occurring and that no cards were inactive for six months; auditors also sampled larger construction and architecture procurements (three construction and two architecture procurements as required by state procedures). Board members asked whether the projects were selected randomly or haphazardly; Nicholson said the selections were random or haphazard as permitted by the procedure and that the report included the scope of what the auditors reviewed.
Trustees thanked the procurement team for their work; members of the public and board asked clarifying questions about the sample size and the level of detail in the report. The auditor noted the engagement provides assurance over the specific procedures performed but is not an exam covering all procurement activity. No corrective action plan was required because the report contained no findings.
The board received the report; no vote was required other than listening and asking clarifying questions.
