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Board accepts school activity funds audit; combined student-activity balance $1.12M
Summary
An audit of student activity funds found the accounts fairly stated on a cash basis with a combined ending balance of $1,122,089 and issued management letters for deposit-timing inconsistencies; the Board approved the audit unanimously.
The Board accepted the School Activity Funds audit for the year ending June 30, 2025, after a presentation by the auditor.
Mr. McArthur reported that the student activity funds were fairly stated on a cash basis and that the combined ending balance across all schools totaled $1,122,089. The audit team tested transactions for compliance with district policy and identified some instances where deposits were not made within required windows. McArthur said such findings are documented in a management letter used to target training and strengthen internal controls. The Board approved the audit by a 5–0 vote (motion by Robert White; second by Larry Small).
Why it matters: Student activity funds support extracurricular programs and student organizations. The audit’s findings are procedural and were framed as training opportunities; no material misstatement was reported.
