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Hill City board accepts audit; auditors cite material adjustments and segregation weakness
Summary
The Hill City School Board accepted the 2024–25 audit by Bergen KDV on Nov. 24. Auditors reported a material audit adjustment (accounts receivable and prepaid items) and a significant deficiency noting limited segregation of accounting duties due to staffing levels.
The Hill City Public School District board voted Nov. 24 to accept the district's 2024–25 audit, presented by Bergen KDV.
The firm’s report, included in the meeting packet, identified a material audit adjustment and a significant deficiency in internal control. The auditors wrote that "audit adjustments were required in the following areas: Accounts receivable; Prepaid items," and flagged "Lack of Segregation of Accounting Duties" as a significant deficiency due to the district's small office staff. The motions to accept the audit passed on a roll call vote (Yea: 5; Absent: 1).
District officials told the board they will monitor controls and implement independent review steps where practical. The audit memo also recapped financial trends, enrollment and long-term liabilities; the board recorded the audit acceptance and directed staff to follow up on recommended corrective actions.
