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Audit adjustments may push food service to temporary loan from general fund, business manager warns
Summary
Auditors identified long‑standing payable account discrepancies across multiple funds; Business Manager Brett Burdett said adjustments could require a roughly $60,000–$67,000 balance move that would leave the food service fund in a critically low cash position unless the general fund provides a temporary loan.
Business Manager Brett Burdett told the board that the district’s auditors (Casey Peterson) are requesting correcting entries to clear payable balances carried forward across funds. He said the adjustment could be on the order of $60,000–$67,000 and would reduce food service cash to a critical level for roughly 60 days without a reciprocal movement of dollars from the general fund.
Burdett described the underlying cause as timing and allocation: payroll premiums are collected over nine months but paid over 12, and staffing changes cause variability in which enterprise fund is charged. He said the district has paid all vendor invoices but needs to adjust accounting entries so expenses hit the correct enterprise fund; administrators recommended treating the balance as a loan from the general fund until June 2026 while the auditors and staff continue reconciling.
