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Board approves Prop 51 audit findings after $651 accounting shortfall
Summary
The board approved a Prop 51 independent project audit and corrective action plan after staff identified a $651 shortfall in the routine restricted maintenance deposit for FY23–24; staff said the district has added the $651 and instituted enhanced procedures.
Staff explained that three completed Prop 51 projects underwent the required independent financial audits and a single accounting calculation error produced three related audit findings. The district reported a $651 shortfall in the FY23–24 routine restricted maintenance account and told the board it had already corrected the deposit and strengthened compliance checks.
"As a result, we were $651 short of our 3% calculation," staff said, describing last‑minute accruals that were not accounted for before the 3% deposit. The board voted to approve filing the audit statement of findings and the related corrective action plan by roll call. Staff said no penalty had been assessed and that the corrective step was to deposit the missing amount and update year‑end review procedures to include final accruals.
