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Audit committee issues clean audit but requires corrective action plan for school lunch fund
Summary
The Audit Committee finalized financial statements with a clean audit report but noted an excess balance in the School Lunch Fund that will require a Corrective Action Plan.
At the Oct. 15 meeting the board heard that the Audit Committee had finalized the district's financial statements and that external auditors issued a clean report with no concerns. Committee representatives noted the General Fund sits at 4%.
The auditors flagged an excess fund balance in the School Lunch Fund; the district will prepare a Corrective Action Plan stating how it intends to address the excess. No details or dollar amounts for the corrective action were provided at the meeting; the plan will be presented for board consideration in a subsequent meeting.
