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Board approves 2024 financial and compliance audit reports; auditors found no material weaknesses
Summary
The Queen Creek Unified School District board voted to accept the fiscal year 2024 financial and compliance audit package. The district's finance staff and auditors reported no significant deficiencies or material weaknesses and identified the district as a low-risk auditee for federal funds.
Jessica Johnson, representing the district’s finance office, presented the fiscal year 2024 audit package and described the four components of the submission: the public annual financial report, the annual comprehensive financial report (ACFAR), the Uniform System of Financial Records (USFR) compliance questionnaire, and the single audit reporting package for federal grants. She told the board that school districts with an M&O budget above $2,000,000 are required to conduct an…
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