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Levy County board reviews district audits, approves Nature Coast charter recovery plan
Summary
Board staff reported recurring internal control weaknesses at several schools and presented a fiscal recovery plan for Nature Coast Charter School after auditors flagged a 'deteriorating financial condition.' The board approved the recovery plan and will monitor monthly compliance.
The Levy County School Board heard a district audit summary Tuesday and voted to approve a fiscal recovery plan for Nature Coast Charter School after the charter's auditor reported a deteriorating financial condition.
Miss Lake, the board's audit presenter identified on the agenda, told trustees that the district's internal‑accounts audit firm, Ferguson Gray, "in their opinion, the financial statements were presented fairly in all material respects," while noting "3 findings and 1 management concern," including recurring issues with segregation of duties, untimely cash reporting and purchases made without documented principal preapproval.
Those findings were illustrated by per‑school examples: some…
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