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Board approves 2023–24 unaudited financial statements amid construction updates and audit plans
Summary
Trustees approved the district's 2023–24 unaudited actuals and heard a fiscal summary from the Chief Business Officer while staff outlined construction progress and an upcoming auditor visit in November.
The Corning Union High School District Board on Sept. 12 unanimously approved the 2023–24 unaudited actual financial statements after a presentation by Chief Business Officer Diana Davisson. The presentation included the district's adjusted appropriations limit of $9,585,514.67 and a preliminary indirect cost rate of 10.38%.
Davisson summarized components of unrestricted revenues and expenditures and said auditors are scheduled to be on campus in November; the district's goal is to have no audit findings. The motion to approve the unaudited actuals was made by Trustee Todd Henderson and seconded by Trustee Tony Turri; the roll call showed the five members present voting aye.
Superintendent Miguel Barriga also highlighted fiscal implications for strategic-plan priorities and noted planned follow-up reports from site principals. The Board discussed construction change orders and potential credits that may affect project budgets, and members were told the district will continue to track funding and EFB (ending fund balance) implications.
