November 14, 2024 at 4:30 PM - Minutes
Novi Community School District Finance Committee of the Whole / Board of Education · November 14, 2024
An external audit of the Novi Community School District for year ended June 30, 2024 found unmodified opinions on the financial statements and no federal compliance findings, while flagging an uncorrected leases receivable misstatement (~$990,000), food-service cash-reserve noncompliance, budget overages, and capital-asset tracking issues. The audit also documents $49.81M of 2024 bond proceeds and $191.86M total bonded debt.
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