March 23, 2026 Study Session - Part 3

Prior Lake‑Savage Area Schools School Board · March 24, 2026

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1:15:36

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40:00

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1:15:36

Federal single-audit report presented

Presentation

0:11 → 3:48(3m 37s)

Director Ryder (speaking as the district auditor contact) summarized three documents in the board packet: required communications, corrective action plan (CAP) and the federal single-audit report. He told the board auditors found the Schedule of Expenditures of Federal Awards fairly stated as of 06/30/2025, found no material noncompliance for major programs, and reported one recurring significant deficiency related to documentation of vendor debarment checks. Ryder said the district is implementing procedures to address the finding and that no debarred/suspended vendors were used.

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The Prior Lake‑Savage Area Schools board discussed a federal single-audit report with one recurring internal-control finding and spent most of the meeting reviewing levy-survey language and levy-size scenarios, with administration recommending a $7 million operating-levy "floor" to maintain current services after planned cuts.

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Transcript

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