Material Adjustment to Fund Balance and Net Position
Condition: The District audit resulted in a material restatement to fund balance/net position that
was detected by auditing procedures.
Plan: The District acknowledges the finding and will continue to review new standards as part of
the fiscal audit process.
Anticipated Date of Completion: The District will immediately implement yearly review of new
standards as part of the fiscal audit process.
Name of Contact Person: Nicki Ells, Business Manager
Management Response: The District acknowledges the Plan and will begin reviewing regulatory
requirements and capital assets on an annual basis.