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SFUSD receives audit findings and approves bond cost submissions; auditors flag LCFF reporting error
Summary
The board accepted audit reports with unmodified opinions, approved resolutions receiving actual cost information for bond issuances and learned auditors identified a compliance issue in LCFF reporting tied to CALPADS student counts; staff committed corrective actions and a follow-up report.
Trustees on Jan. 26 reviewed the district’s annual audit and several financial resolutions related to bond issuances and refunding activity.
Rita Madavan, CFO, summarized three resolutions to receive and submit actual cost information for Proposition A general obligation bonds (2006 and 2011 series), tax and revenue anticipation notes and 2015 refunding bonds. The board adopted the…
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