Audit 378816

Criteria - Management is responsible for maintaining accurate accounting records. Condition - Significant changes occurred in the District staffing during the year resulting in issues in reconciling asset and liability accounts in multiple funds and therefore, the accounting records did not accurately reflect appropriate balances. Cause - The absence of our involvement, including the processing of audit adjusting journal entries, would result in material misstatement. Effect of Condition - Material adjusting journal entries across all funds were required in order to accurately report accounting records. Repeat Finding - This is a repeat finding of item 2024-001 as reported for the year ended June 30, 2024. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Recommendation - We recommend that significant asset and liability accounts be reconciled at year-end to ensure accounting records accurately reflect appropriate balances. Views of Responsible Officials and Planned Corrective Actions - (a) Comments on the finding and recommendation: The District agrees with the finding. The District also agrees with the recommendation. See below for actions taken. (b) Actions Taken: Management will reconcile significant asset and liability accounts at year end to ensure accounting records accurately reflect appropriate balances. (c) Anticipated Completion Date: Management anticipates this finding will be resolved by June 30, 2026. (d) Person Responsible for Implementation: District Treasurer.