Board approves auditor-recommended budget amendment; staff says bottom line unchanged

The Auburndale School District board on Wednesday approved a budget amendment the auditors recommended to reflect transfers from the general fund into funds 46 and 73.

"This was a recommendation from our auditors," said Business manager Lynn, explaining that the amendment allocates amounts previously transferred so future audits will show the movements in specific object codes rather than only as internal transfers. Lynn said the change is an accounting alignment and does not change the district's bottom line. The motion to adopt the amendment was made, seconded and carried without a recorded roll-call tally.

The board had discussed the subject earlier in committee after auditors asked staff to document certain year-end adjustments. Superintendent Steve and the finance committee told the board they will bring any additional, audit-driven amendments forward and that routine posting on the district website will now satisfy notice requirements for amendments, avoiding a newspaper notice and its cost.

Next steps: the staff will post the finalized amendment on the district website as required and incorporate the amendment into the official budget documents used for reporting and future audits.