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