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District audit accepted; business official says district is on track to be current after being three years behind
Summary
The board accepted the 2023 audit and district finance staff said the federal review is the final step; the district’s finance official said the district was three years behind when he started and now expects to be current after the final federal review.
The Southern Columbia Area School District reported that its 2023 audit has been accepted and that the schedule of federal awards (SEFA) portion will move to federal review, the final step in the audit process.
Mr. Snyder (district finance/business official) told the board that the SEFA — which documents federal funds passed through the state — is the most audited part of the audit and that the federal review will likely take about a month, with an anticipated completion around Labor Day. "We were 3 years behind when I got here," Snyder said, describing the district’s prior audit backlog. He added the district’s goal is to remain current going forward.
Why it matters: Acceptance of the audit advances the district’s financial compliance process and clears the way for federal review. The audit acceptance affects federal funding oversight and the district’s internal goal of keeping financial reporting current.
Details: Mr. Snyder summarized that completing the SEFA review is the last of three levels of review (local, state, federal). He characterized the work as a multiyear effort to bring the district up to date and said internal targets are to avoid falling noncurrent again.
Next steps: The district expects a federal review of the audit; the transcript indicates that the final federal confirmation is likely to arrive in roughly a month from the acceptance date.
