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Auditors find record‑keeping gaps but say Hawthorne schools remain financially stable
Summary
External auditors presented the 2024–25 audit to the Hawthorne Public School District board, listing compliance and timing-related findings — including payroll agency analyses, compensated-absence accounting under a new GASB standard, untimely bank reconciliations, federal grant reconciliation gaps and a $33,000 excess in cafeteria net cash resources — while describing the district's overall finances as stable.
The Hawthorne Public School District's external auditors told the school board on Tuesday that multiple compliance and record‑keeping issues were identified in the 2024–25 audit, but that the district's overall financial position is stable.
The auditor summarized several findings, including a missing analysis of balances in payroll agency accounts, a needed update to the district's compensated‑absences evaluation to comply with a new Governmental Accounting Standards Board (GASB) requirement, missing journal entries that led to inaccurate account balances during the year, and bank reconciliations that were not performed in a timely manner. The auditor said these matters were primarily compliance and timing issues rather than indicators…
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