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District fiscal office readies for October audit, flags payroll verification work
Summary
The district fiscal office told the board it is focused on September payroll processing and preparing for the annual financial audit in late October; a fiscal update including the estimated beginning fund balance will be provided in October.
The district’s fiscal office presented an update on current financial operations and steps to strengthen internal controls ahead of the annual audit.
Staff reported that September represents a major payroll cycle requiring detailed verification, and that the team is reconciling accounts and fund balances in preparation for the financial audit scheduled for late October. The board was told a financial update including the estimated beginning fund balance will be presented at the October meeting.
