Independent audit shows clean opinion; auditors flag payroll signatures and cafeteria fund surplus

Paul Kuva, a partner at Wilcotts & Company, presented the district's independent audit for the year ended June 30, 2024 and said the firm issued a clean opinion.

Kuva told the board the auditors completed required financial schedules and pension and medical information in a timely manner this year and that the independent auditor's report is a ‘‘clean opinion,’’ meaning the financial statements conform with generally accepted accounting principles.

The administrative management report (AMR) accompanying the audit contained three findings. Kuva and district staff identified two internal-control items that will require tightened supervisory signatures: a payroll-report supervisory signature and a supervisory signature on vacation-payout documentation. The third item related to the food-service fund, where Kuva said the district has an excess cash balance; he noted options to reduce that balance include lowering meal fees or using the funds for capital expenditures in the cafeteria.

At the board's request, district staff reported they have already implemented or are tightening procedures related to the payroll and vacation-pay signatures and are planning to spend cafeteria surpluses on equipment such as new tables and chairs. The board offered no substantive objections and thanked Kuva for the work.

Ending: The board accepted the audit report as part of its financial agenda; administration said it would continue work to address the internal-control recommendations and to present planned cafeteria capital expenditures for board approval.