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FY26 audit: few findings but notes segregation-of-duties, budget amendment and student-activity deficits
Summary
The district auditor reported a largely clean FY26 audit with routine findings: an internal-control item on segregation of duties, a statutory note that expenditures exceeded the certified budget (should have been amended), an ongoing payroll tax-penalty dispute with the IRS, and several student-activity accounts with deficit balances.
Finance staff presented the FY26 audit and described a handful of findings the auditors flagged for attention. The auditor noted "there wasn't much to find, which is a good thing," but identified an internal-control finding related to segregation of duties and statutory reporting that expenditures exceeded the certified budget, recommending the board consider a budget amendment where appropriate.
The finance presenter also said the district paid a payroll-tax penalty and that an abatement request had been filed with the IRS; he warned the matter may reappear on next year’s audit if unresolved. Finally, the audit identified 14 student-activity accounts with deficit balances; the auditor recommended the board consider options to zero those accounts or otherwise resolve deficits.
