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Board reappoints auditor; solicitor urges adoption of formal investment policy
Summary
The board approved an engagement letter with the district's auditor for the coming year. The solicitor told the board the district lacks a formal investment policy and urged the finance committee to review a drafted policy with the auditor before the next audit cycle.
The board approved the engagement letter with the audit firm as presented for the 2025–26 audit cycle. During discussion the solicitor raised an outstanding governance matter: the district does not have a formal investment policy, and the auditor had previously flagged that omission. He said he has drafted a policy and recommended the finance committee and board review the draft with the auditor to make formal decisions on investment rules and avoid a future audit finding.
The solicitor also noted the district has been responding to multiple record requests, administrative investigations and related work that he said the administration and solicitor staff were managing; he thanked administrative staff for their responsiveness on those matters. The board approved the auditor engagement and directed that the investment-policy draft be scheduled for committee review.
