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Board hears update on delayed audits and borrowing plans as consultants step up efforts
Summary
During budget and finance discussion, district officials reported ongoing work to finalize FY 2023-24 closing entries and an audit, engaged Susquehanna Consulting and discussed timing of planned bond/borrowing. Board members pressed for auditor presentations and asked whether borrowing could proceed without completed audits.
Board members pressed the administration for details about outstanding audits and the district's borrowing plans during the budget and finance section of the Oct. 30 meeting.
Chief Financial Officer Jack Trent told the board the business office and an outside consulting firm have been working to correct posting errors and complete FY 2023-24 closing entries. He said the district engaged a consulting firm and "since we started doing that''things are moving…
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