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Independent audit finds multiple material weaknesses and significant deficiencies; board approves audit
Summary
Auditors gave Central Consolidated Schools an unmodified opinion on its financial statements but reported multiple internal-control weaknesses (including fixed-asset depreciation errors, grant-monitoring repeat findings, conflict-of-interest vendor activity, and misposted student-activity spending). The board approved the audit and asked for corrective action timelines.
Auditors presented the Central Consolidated Schools annual financial audit and an independent internal-control report that included several material weaknesses and a number of significant deficiencies.
Byron Manning, the district's auditor, summarized the purpose of the audit and said the audit opinion on the financial statements was unmodified, the most favorable auditor conclusion. He reported a district net position in the range of roughly $126 million and noted that swings in pension and other postemployment assumptions materially affect annual changes in net position.
Chris, another member of the audit team, presented internal-control findings and described multiple errors and process lapses that require action. A material weakness (2025-2) concerned fixed-asset reporting and depreciation: auditors…
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