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Audit Objective

Determine if the Board is provided timely and detailed financial information.

Key Findings

• Detailed budget to actual reports are not provided to the Board timely.
• Bank reconciliations are not prepared timely.

Key Recommendations

• The Business Manager should ensure detailed budget to actual reports for revenue and expenditures are provided to the Board each month.
• The Treasurer should ensure bank reconciliations are presented to the Board in a timely manner.

District officials generally agreed with our recommendations and have initiated, or indicated they planned to initiate corrective action.