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TECCA awaits DESE guidance on FY25 single audit; auditor weighing full package vs. phased release
Summary
TECCA’s finance staff told the subcommittee the FY25 audit could be issued either as a complete draft (financials plus single audit) or as a financial statement followed by a single audit; the school’s auditor expects DESE guidance this week.
Cathleen Ellis, listed as present for TECCA, updated the subcommittee on the FY25 audit and described two options for issuing the audit deliverable: release a complete draft package that includes the single audit and the financial statements together, or issue the financial statement first and follow up with the single audit report later. She said TECCA’s auditor, Mr. Volpicelli, is seeking guidance from the Massachusetts Department of Elementary and Secondary Education about virtual-school audit submission requirements and hoped to receive that guidance this week.
Ellis characterized the guidance as material to deciding whether to combine the single audit with the financial statement in a single package or to phase the reports. The subcommittee did not vote on the audit at the meeting; staff will report back once DESE guidance and the auditor’s recommendation are available.
The update underscored timing uncertainty for public filing and for the audit record for FY25; the committee left next steps to staff and the auditor pending DESE direction.
