The Vandalia School Board was presented with audits Tuesday evening for both the district as well as the Okaw Area Vocational Center. Robin Yockey of Mose, Yockey, Brown and Kull was present to go over the audits and informed the board that the district had no findings with their audit but did include a management letter. While no findings came from the audit, the management letter makes recommendations concerning tracking Social Security/Medicare taxes separately as well the account coding for grant expenditures. Yockey also informed the board that they had received a financial profile score of 3.7 out of 4 which falls in the financial recognition category. Yockey stated that it had been some time since the district had been at the financial recognition level as the district has seen a score of 3.25 with a financial review designation for several year prior to the current audit.
Unlike previous years, the board was also presented with the audit for the Okaw Vocational Center. Yockey said there was one compliance finding that was simply the lack of publication of the budget for public inspection and the date of the public budget hearing as Yockey informed the board that Okaw’s rules are the same as the school district with the exception of their required date being 30 days before that of the school districts.
Following the presentation of both audits, the Vandalia School Board unanimously approved both audits.