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Birmingham Community Charter High District board accepts clean audit, hears interim budget updates
Summary
Board auditors reported no findings and a healthy liquidity position; trustees were briefed on delayed state and federal revenues and grant applications while staff outlined budget timing ahead of the governor’s January proposal.
The Birmingham Community Charter High District board accepted an independent audit showing no material weaknesses and heard an interim financial briefing on delayed state and federal revenues.
Auditor Charles Hudson Allen, presenting via Zoom for the district’s auditing partner, told trustees the financial statements required no adjustments and that no material weaknesses or significant deficiencies were identified. He said the district’s current ratio was about 2.6, cash on hand equated to roughly eight months of operating expenses, and the change in net assets for the year showed a positive movement of…
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