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Unaudited financials flagged for reclassification; district to correct sign errors
Summary
Mrs. Adams highlighted unaudited financial statement variances — General Fund 'Engineering' at 209% of budget and 'Contingencies' at 421% due to misclassification — and Mr. Krebs reported incorrect and rusted signs that staff will address.
District Manager Mrs. Adams reviewed the unaudited financial statements as of Sept. 30, 2024 and flagged apparent misclassifications and variances. She noted General Fund "Engineering" is at 209% of budget and that "Contingencies" is at 421% because $4,209 belongs under "Other contractual" as a landscaping expenditure; she said Corporate was asked to provide copies of paid invoices so the ledger can be corrected. Mrs. Adams also said the General Fund "NPDES reporting filing" item is $19,805 (152% of budget) and the General Fund "Debt service (prin & int) 2022 note" is $74,480 (205% of budget); corporate has been asked to advise and corrections will be reflected in the next financials.
District Engineer Charlie Krebs said he sent multiple emails to Lykins-SignTek about incorrect signage—the Southern Hills sign should read "Southern Hills Drive" rather than "Southern Hills Court"—and reported 50 or more rusted lake and wetland signs needing replacement. Mr. Willis was asked to inspect conservation-area signage during the audit and to remind the lakes vendor about sign installations.
