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Board defers forensic audit after $70,000 quote; annual audit motion already on ballot
Summary
Board members reported three forensic-audit quotes and a high cost estimate (~$70,000); they did not commission one now, noting a standing ballot motion to require annual audits and discussing regular quarterly reviews and handing better-organized records to the next board.
Members asked whether the promised forensic audit had been completed during the board's nine-month term. Staff said they obtained multiple quotes and that a forensic audit was estimated at roughly $70,000, a figure the board found prohibitive for immediate action. "It hasn't gotten done ... it's gonna run about 70,000 a year," S11 said when asked about forensic-audit quotes.
Board members discussed alternatives including an independent accountant review, quarterly checks, and incorporating an audit requirement into regular board governance (a motion to compel an annual audit is already on the ballot). Several members said a hand-off 'policy and procedure' book is being prepared to ease the transition for the incoming board.
