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District audit on track; budget templates complete, insurance costs flagged
Summary
Dawn told the committee the audit is roughly 90% complete and expected before Thanksgiving, budget templates were finished and distributed, and the district faces an estimated ~$20,000 increase in insurance costs against a roughly $320,000 annual insurance spend.
Dawn reported the district’s external audit is approximately 90% complete after two days on site and substantial remote work; she expected management‑discussion materials next week and an audit completed before the Thanksgiving break.
On budgets, Dawn said the district finished revised budget templates (including three‑year actuals and blended figures) and would start distributing them to schools. She warned of an estimated roughly $20,000 increase in overall insurance costs (auto, cyber, general liability), noting the district’s total insurance spend is about $320,000 in the current model, and that insurers are shopping options because of recent water‑remediation work.
Dawn also summarized timing and next steps for budget compilation and related conversations with district administration and insurers; no formal action was taken at the committee meeting.
