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Montgomery Township audit issues prompt accounting changes for federal grants
Summary
District auditors delivered an unmodified (clean) opinion on the 2023–24 financial statements but recommended improved controls to track federal grant spending and reporting periods after finding carryovers and duplicated reimbursements; the district says corrective actions have been implemented.
The Montgomery Township School District received an unmodified (clean) annual audit on Dec. 17, 2024, and auditors recommended stronger accounting controls to track grant expenditures and reporting periods.
The recommendation matters because federal program fiscal years often end Sept. 30 while the district’s fiscal year ends June 30, creating a “run-out” period in which expenditures are still incurred and submitted for reimbursement. District auditors told the board that a combination of reporting-system coding and encumbrance processes led to some grant expenditures being missed in the intended reporting period and, in other cases, to duplicate reimbursement claims that were processed twice.
Eric Zimmerman, the district auditor who presented the report, said the auditors will issue a corrective-action requirement that must be read into the minutes. “The recommendation…
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