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Board accepts FY2025 school activity fund audit; auditors report mainly procedural issues
Summary
Auditors from Robinson Farmer Cox and Associates issued the FY2025 school activity fund audit (fieldwork week of July 13; final report Oct. 2). Mr. Valentine told the board findings were mainly minor procedural receipt/bookkeeping items; the board voted to accept the report.
The Warren County School Board accepted the fiscal year 2025 school activity fund audit after a presentation by Mr. Valentine.
Mr. Valentine summarized the audit process, saying the fieldwork was conducted the week of July 13 and that “the final report… was issued by the auditors the firm of Robinson Farmer Cox and Associates on October the 2nd.” He explained school activity funds are held by schools (for fees, fundraisers and gate receipts) separate from the general operating fund and noted principals who received findings were asked to submit corrective-action plans. He characterized most findings as procedural (misfiled receipts, turnover among bookkeepers) and said he did not see anything that suggested funds were mishandled.
A board member asked whether the corrective-action plans are approved; Mr. Valentine said the superintendent reviews them and will follow up. The board moved to accept the FY2025 school activity fund audit report as presented; the motion was seconded and approved by voice vote.
The board did not request additional action beyond accepting the report; principals are expected to submit corrective-action plans where recommended.
