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Independent accountant reports only minor adjustments in end‑of‑year procedures
Summary
LACPA PC presented an agreed‑upon procedures engagement on the DESE end‑of‑year pupil and financial report and found just a couple of minor adjustments with no findings or recommendations requiring committee action.
The finance subcommittee received an agreed‑upon procedures report from LACPA PC on the Massachusetts DESE end‑of‑year pupil and financial report for FY ending June 30, 2025. Karen Spinelli, CPA, summarized the engagement and its conclusion.
“We have performed the agreed upon procedures on the end of year pupil and financial report for the year ended 06/30/2025,” Spinelli told the committee, adding that the procedures were performed in accordance with AICPA attestation standards. She reported “just a couple of very minor adjustments, but otherwise everything was reported properly,” and said the firm identified no findings or recommended improvements that needed committee attention.
A committee question flagged that a specific schedule (page 6) showed no accounting support received for McKinney‑Vento transportation line 140 from the city within the audit timeframe. Administration explained that the revenue is recorded on the city side and supporting reports were submitted after the audit cutoff; staff said the documentation exists but arrived after the auditors completed fieldwork.
The committee voted to accept, approve and file the agreed‑upon procedures report.
