District corrects audit finding after $800,000 revenue recognition error, CFO says
The district reported one audit finding: a material weakness in fund‑level revenue recognition tied to late-recorded receipts (about $800,000). Finance staff said the error was corrected and new multi-step checks are in place.
The full story
The Indian River County School District told the board it received one finding in a multi-month audit of its $420 million budget: a material weakness in how revenue was recognized at the fund level.
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