Issued Date
September 18, 2020
Audit Objective
Determine whether the Board and District officials adequately managed the District’s financial condition.
Key Findings
Actions taken by the Board and District officials to manage financial condition were not transparent and more taxes were levied than necessary to sustain operations.
- Approximately $1.5 million (72 percent) of appropriated fund balance from 2016-17 through 2018-19 was not used as planned.
- The Board did not adopt multiyear financial and capital plans.
Key Recommendations
- Adopt budgets that include reasonable estimates for appropriating the amount of fund balance that will be used to fund operations.
- Develop multiyear financial and capital plans.
District officials agreed with our recommendations and have initiated or indicated they planned to initiate corrective action.