Determine whether the Board and District officials effectively managed the District’s financial condition.
The District’s financial recovery may be impacted due to decreased enrollment, resulting in decreased revenues.
District officials did not:
- Perform budget transfers resulting in appropriations exceeding budgeted line items averaging $3.2 million over the five years tested.
- Provide the Board with budget status reports.
- The Board should monitor the budget to ensure that expenditures do not exceed revenues.
- District officials should perform budget transfers after appropriate Board approval and provide the Board with budget status reports.
Officials agreed with our recommendations and indicated they plan to initiate corrective action.