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Audit Objective

Determine whether the Board adequately managed the District’s financial condition.

Key Findings

• Conservative budgeting has produced operating surpluses negating the use of appropriated fund balance.
• Certain reserve balances were excessive.
• District officials did not develop comprehensive written multiyear financial or capital plans.

Key Recommendations

• Discontinue the practice of appropriating fund balance that is not needed or used to fund operations.
• Review reserve balances and develop a plan to reduce balances to reasonable levels in accordance with applicable statutes.
• Develop comprehensive multiyear financial and capital plans that set long-term objectives and goals.

District officials generally agreed with our recommendations and indicated they plan to initiate corrective action.