Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Audit topic
No spam. Unsubscribe anytime.
School committee reviews draft FY24 audit and possible effect on undesignated fund balance
Summary
The superintendent reviewed a draft FY24 audit and discussed how it could affect the school's undesignated fund balance; committee members were told a final audit will be produced and the matter will return for further discussion. Specific dollar amounts were not provided in the minutes.
Superintendent Aaron Townsend reviewed a draft of the district's FY24 audit at the Sept. 16 meeting and described its potential impact on the school's undesignated fund balance. The committee did not take a vote; Townsend said a final draft of the audit will be prepared and the item will be brought back for further discussion and any necessary decisions.
The minutes note the discussion of effect on the undesignated fund balance but do not include figures or a final recommended adjustment. Townshend and committee members agreed the matter requires review of the final audit before any appropriation or policy action is taken.
No formal action or vote on the audit or on transfers from the undesignated fund balance is recorded in these minutes.
