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Board hears update on missing 2023–24 audit and impact on planned bond issuance
Summary
Board members pressed staff about a still‑outstanding 2023–24 audit and whether its absence would delay a planned spring bond issuance; staff described work with Susquehanna Consulting to correct transaction postings and said they would not proceed with issuance without the audit, though they expect to complete enough work to support the initial issuance.
Board members raised concerns about an incomplete 2023–24 audit and how delays could affect a planned bond issuance. A board member asked when the first borrowing would occur and whether the missing audit would delay the process; staff said issuance was planned for the spring and described steps underway to finalize the audit.
An unidentified business office representative (Speaker 12) explained the…
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