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Agenda Item
F.-1 25-0244 A Report to the Audit Committee by the Chief Business Officer, or designee, on the District's Audit Findings for Year Ending 2024 and the District's Corrective Action Plan.
Thank you for this report. In this time of budget decisions, including for the 2024-25 year, could you summarize the fiscal impact, including whether there is a change to the current bottom line. Specifically, were the monetary consequences already included in the current budget? If they were and some of these funds are released back to OUSD, when will those be added back to available reserves? Are the ADA findings referenced here part of the $2 million reduction that was referenced at Board meetings earlier this fall? Thank you so much for clarifying!
Thank you for this report. In this time of budget decisions, including for the 2024-25 year, could you summarize the fiscal impact, including whether there is a change to the current bottom line. Specifically, were the monetary consequences already included in the current budget? If they were and some of these funds are released back to OUSD, when will those be added back to available reserves? Are the ADA findings referenced here part of the $2 million reduction that was referenced at Board meetings earlier this fall? Thank you so much for clarifying!