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Clark County School District: FY24 audit in final testing, amended FY25 budget due Dec. 12
Summary
Clark County School District officials told the Committee on Local Government Finance the FY24 audit is in final testing, the district expects an audit issuance by end of October if testing completes, and the FY25 amended final budget will be delivered Dec. 12; a subcommittee will monitor the district’s budget work.
Clark County School District officials told the Committee on Local Government Finance that the FY24 audit is in final stages of testing and review and that the district expects to submit an amended final FY25 budget to the Board of School Trustees on Dec. 12.
Diane Bartholomew, interim chief financial officer for CCSD, said auditors and district finance staff were "working diligently" and that finalization and issuance were expected by the end of October to meet statutory deadlines. Bartholomew said no final conclusions about deficiencies had been reached because the audit was still under review. The district told the committee it does not believe it meets the statutory criteria for fiscal watch described in NRS 354.675 and related provisions.
Interim Superintendent Brenda Larson Mitchell said the district experienced some unanticipated costs tied to litigation and cybersecurity; Bartholomew and Mitchell said the district had reported a lower budget shortfall than figures discussed in the press (the district told its board on Oct. 10 the shortfall was about $10,000,000 at that time). Bartholomew said the FY25 amended final budget would reflect any needed changes to the budgeted ending fund balance, and noted the district expects to remain above its regulation minimum reserve of 4% of general-fund revenue even if assigned balances are used.
Committee Chair Levitt appointed a three-member subcommittee (Tom Sysinski as chair, Paul Johnson and Jim McIntosh) to work with district staff between meetings and report back; the committee said it expects a final amended budget and audit-report update at the next meeting. The committee discussed budget assumptions, bargaining-unit settlements, and the district’s plan to use unassigned ending fund balance if necessary.
Next steps: the subcommittee will confer with CCSD staff and present a report to the full committee before the January meeting; auditors indicated a draft FY24 report could be available in early December if testing and documentation proceed on schedule.
