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Board approves corrective action plans after audit finds accounting and grant-charging errors
Summary
After an auditor identified ledger discrepancies tied to a new GASB sick-leave reporting requirement and a $750 stipend charged to a Title I grant, the board approved corrective action plans and system-control changes to prevent recurrence.
The board voted to approve corrective action plans addressing two audit findings for the fiscal year ending June 30, 2025. Kim, the district finance/business officer (speaker S9), told the board the first finding stemmed from implementing a new Governmental Accounting Standards Board (GASB) guidance that requires districts to report the dollar value of accrued sick leave as a liability; that change added millions to the district's liabilities and the audit identified ledger-balance discrepancies that need correction.
Kim described system changes intended to prevent duplicate approvals, to validate rollover of balances between fiscal years and to improve data integration across accounting modules. "There were some modifications made in the accounting system that will avoid the duplication of approvals that were identified and ensure proper rollover of balances between fiscal years," Kim said.
The second finding concerned a $750 stipend charged to a federal Title I grant for an employee who did not perform Title I services. Kim said the amount is below thresholds that would trigger federal repayment or sanctions but must be corrected. She described configuration changes and validations that will prevent ineligible charges to federal programs.
Board member S2 moved to approve the corrective action plans and the board adopted the motion by voice vote. No individual roll-call tallies were recorded in the meeting minutes provided.
