极速六合彩

January 23, 2025

Dear Teachers, Families, and Community Members,

A recent news report may have caused some confusion for our community regarding our audit, district finances, and budget planning. To ensure that we are transparent with our community we would like to clarify some misleading statements that are appearing throughout local and social media regarding the recent audit. 

• The recent audit was of the 2023-24 fiscal year finances.
• Budget management is occurring for the 2024-25 fiscal year.
• Budget planning is beginning now for the 2025-26 fiscal year.

• It has been reported that the 2024-2025 proposed budget passed with a forecasted deficit. This is false. 
• The district proposed a balanced budget to the BOE and community voters, and a balanced budget was approved by the voters in June 2024. 

• It has been reported that the audit found the district had about $31M in its unassigned fund balance. This is misleading.  
• Of the $31M, $ 13.3M was the existing balance from June 30, 2023.
• It is good financial management to have savings at the end of the fiscal year. 
• Once restricted reserves were funded, as approved by the Board of Education on June 27, 2024, the district has $18M in unassigned fund balance. 
• This is 1% over the 4% set by the state Comptroller’s office. 
• Although this is not a consistent practice for our district, the NECSD is not alone in exceeding the 4% unassigned fund balance. 
• District administration will have recommendations for the use of this money; however, it cannot be accessed without approval by the Board of Education and/or voters at large. 

• It has been reported that the district has multiple accounts that haven’t been up to date since 2017. This is false. 
• The audit reported that the district has work to do cleaning up “stale dated checks”, some going back as far as 2017. 
• These are district checks that have not been cashed by the recipient 
• Attempts have been made to contact the payee and reissue for payment 
• The audit recommends that this process be done annually.
• We are looking at our internal process to complete annually  

Dissecting an audit

NECSD annual external audits are publicly posted on the district website. An audit reviews completed spending.

The audit that the district just received reviewed the district’s finances for the 2023-2024 fiscal year. The district levied a 0% tax increase for the 2023-2024 fiscal year. The findings of that audit were in line with communications that the district shared confidentially with the Board of Education and indicated to the public through Board of Education meeting minutes. 

To reiterate, the district anticipated findings from the external auditor based on our own professional knowledge of what we were overseeing daily. Our concerns were communicated with the Board of Education and when possible, made public. Staffing recommendations to remedy these concerns were communicated to and acted upon by the Board of Education. 

Surplus is revenue in excess of expenses at the end of the fi