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Pleasant Hill SD 1 board accepts 2023-24 audit; district reports healthy fund balance
Summary
The Pleasant Hill SD 1 board unanimously accepted the district's 2023'24 annual financial audit, presented by auditor Cory of City LC, who reported one minor ESSER coding issue resolved before year-end and an ending general fund balance of about $8 million.
The Pleasant Hill SD 1 Board of Directors voted unanimously to accept the district's 2023'24 annual financial audit during its Jan. 13, 2025 meeting. Cory, an auditor with the independent accounting firm City LC, told the board the audit was "just really good news" overall and described a single, minor ESSER object-coding issue that was corrected before the fiscal year closed.
Cory said auditors found routine journal entries—mostly related to property taxes and payables—but no systemic concerns. "Your current ratio is three to one at the end of the fiscal year," Cory said, and noted the district's ending general fund balance was "about $8 million," which he described as a healthy position as grant funding is expected to decline in coming years. Cory also said the district complied with public contract and insurance requirements and reported no State School Fund issues.
Board members thanked Sh er and district staff for their work preparing finances for audit. The motion to accept the audit (Exhibit 24) was moved and seconded and passed on a unanimous voice vote; individual vote tallies were not recorded in the transcript.
The acceptance obliges no immediate policy change; it completes the annual audit cycle and leaves district leadership positioned to respond to anticipated grant reductions and to monitor staffing and program funding as grants phase down.
