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Audit Objective

Determine whether District officials established adequate controls over financial activities to safeguard assets.

Key Findings

• District officials established adequate controls to help safeguard District assets.
• The Board reviewed the Treasurer’s reports on a monthly basis and reviewed all claims before payment.
• Although the Treasurer’s financial records and reports accurately and properly accounted for all financial activities, the Board did not provide for an annual audit of these records.

Key Recommendation

• Provide for an annual audit of the Treasurer’s records.

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