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Audit Objective

Determine if the Board provided adequate oversight of the District’s financial operations.

Key Findings

• The Board did not ensure annual financial reports were filed.
• The Board did not approve disbursements prior to payment, but as a result of our audit, District officials implemented a voucher system to ensure Board approval. We commend them for taking prompt corrective action.
• The Treasurer did not adequately secure unused check stock.

Key Recommendations

• The Board should ensure the annual financial reports are filed timely.
• The Board should continue to use the voucher system established as a result of our audit.
• The Treasurer should secure District check stock.

District officials agreed with our recommendations and indicated they planned to take corrective action.