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Interim CFO reports reconciliations under way; board tables budget cuts and moves audit language to a later meeting
Summary
Interim CFO Kim Michael Lee told the board that bank reconciliations for 2023–24 are complete and work on FY25 is in progress; the board tabled recommended budget cuts and postponed the audit-resolution vote to a future meeting.
Interim chief financial officer Kim Michael Lee told the Iowa City Community School District board on March 10 that staff have made progress reconciling bank statements for fiscal years 2023 and 2024 and that the district is preparing for audit work on FY24 and FY25.
“We've completed the bank statements for 2023 and 2024,” Kim Michael Lee said by phone, adding that the general fund had been reconciled through September 2024 and that remaining funds would be reconciled after completing the general‑fund work. She told directors auditors were on site performing field work…
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