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Audit finds material weaknesses in district finance processes; board accepts plan for fixes
Summary
The districtaudit to March 31 identified two material weaknesses — untimely bank reconciliations and inconsistent capitalization of capital expenditures — and three recommendations. The board accepted the report and staff committed to a bank-reconciliation policy by June 30, 2026, use of Skyward capital modules and staff training by September 2026.
The independent audit of Alachua County Public Schools covering the period through March 31 identified two material weaknesses and three recommendations, and the school board voted to accept the auditors report on May 5.
Auditors flagged two material weaknesses: bank reconciliations were not completed on a timely basis and certain purchases that met capitalization criteria had been recorded as maintenance and repairs rather than capital assets. The report also recommended a formal year-end close calendar, improved controls for charter-school payment…
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