Finding Text
Condition and context: Through our audit procedures, we noted the District failed to include approximately $757,000 of covered member salaries on the retirement quarterly report for the quarter ending December 31, 2022 which resulted in $235,189 of contributions not being reported or paid. These contributions included both employee contributions which had been withheld from wages and employer contributions which had been recorded as District expenditures in the general ledger. As of the end of June, 2024, the District had not paid this amount and was awaiting the calculation of interest and penalties assessed for late payment.