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Carlsbad Unified board accepts audits and approves second interim budget with positive certification
Summary
Trustees accepted the annual audit (no material findings; one state procedural finding related to an ELOP application signature line) and a Measure HH performance audit (no findings). The board approved the second interim financial report with a positive certification and discussed the district’s transition toward basic Aid and related fiscal impacts.
Trustees reviewed and accepted the district’s annual audit for fiscal year 2023‑24 and the Measure HH financial and performance audit, both of which reported no material findings. The annual audit included one state procedural finding: the district’s Extended Learning Opportunities Program (ELOP) application form lacked a signature line; the district will revise the form and collect signatures as corrective action.
"There were no material findings or questioned costs for the year ending 6/30/24," the audit presenter said, and described the single state finding and the corrective action plan.
Fiscal staff then presented the second interim budget report for the period ending Jan. 31, 2025. The report showed a positive certification, a modest decline in combined ending fund balance (about $475,000 decrease from first interim) and adjustments based on new revenue and expenditure assumptions. Staff discussed multi‑year projections and the district’s transition toward basic Aid (excess property taxes), noting an estimated excess local property tax position that will affect charter pass‑through calculations. Staff acknowledged uncertainty pending the state May Revise and agreed to provide trustees with additional breakdowns of multi‑year assumptions.
After discussion, trustees voted 4‑to‑1 to approve submission of the second interim financial report. One trustee opposed and explained the dissent on the record, citing a separate governance matter about reserve recategorization and minutes from a prior meeting.
The board also accepted the Measure HH financial and performance audit presented later in the agenda, which reported no findings and confirmed bond dollars were spent on authorized projects.
