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Consultants praise Round Lake’s transparency, urge formalized forecasting and policy updates
Summary
Consultants presenting a financial assurance review praised the district's improved reporting and transparency, recommended codifying forecasting practices and fund-balance policy clarifications, and suggested considering non-spreadsheet forecasting tools; the board discussed and will track implementation of recommendations.
Matt Bubnis, director in the public sector practice with Biggertile Advisory Group, delivered an executive-summary overview of a financial assurance review that assessed the district's financial reporting, forecasting methods, internal controls and peer benchmarking.
Bubnis said the district has made notable improvements: regular preparation of…
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