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District audit flags ASB controls and a $370,000 ELOP compliance penalty
Summary
An independent 2023–24 audit identified two findings: internal-control weaknesses in Associated Student Body accounts and a compliance issue under the Expanded Learning Opportunities Program that produced a $370,000 reduction to next year’s ELOP allocation; the board accepted the audit and staff described corrective steps.
At the Jan. 15 Chico Unified Board meeting staff presented the district’s 2023–24 independent audit carried out by Horton, McNulty & S. (HM&S). The auditors reported two findings the district is addressing: internal control weaknesses in associated student body (ASB) accounts and a compliance finding tied to the Expanded Learning Opportunities Program (ELOP).
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