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Sheridan SD 48J audit finds no formal findings; board urged to build reserves
Summary
An audit presented to the Sheridan School Board reported no formal findings. The report showed a $223,000 net loss on a full-accrual basis (largely depreciation) and an operating general-fund balance roughly equal to one month of operations; auditors and staff encouraged growing reserves toward a two-month target.
An audit presented to the Sheridan School Board found no formal audit findings and reported generally accurate financial reporting, the auditor told the board.
Cori, who spoke to the board during the audit review, said, “We didn't have any audit findings this year,” and praised the district's business manager for streamlining processes and keeping reporting timely. The…
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