What is the problem with financial oversight in the Whiteside School District? I recently requested a copy of the district’s financial audit for the school year ended June 30, 2014, and was told by the superintendent that the audit had not been completed. My question to the board: How can it take this long for the auditors to complete their audit?
I suspect the district’s financial records are in such disarray that the auditors are having some difficulty completing their audit and issuing their report on a timely basis. Audit reports issued for the 2012 and 2013 school years reported that the cash accounts had not been reconciled, which suggests a complete breakdown in the district’s financial internal control. A review of the district’s school board meeting minutes for the last three years has no mention of this breakdown in financial reporting being discussed in any board meetings.
Are the members of the board on top of this issue and have they questioned the superintendent as to why the audit has not been completed? Taxpayers of the district deserve an accounting from the board as to why this lack of financial control has been allowed to continue and why no one has been held accountable for this level of incompetence.
If the district continues to manage its financial affairs in this manner, it is only a matter of time before funds are misappropriated.