The Monroe School District is compliant with accountability laws, according to a state audit released May 1.
The Washington State Auditor’s Office analyzed the district’s books from September 1 of 2012 through August 31 of 2013.
The auditor examines both financial information and compliance with local, state and federal law.
No problems were found with either.
In terms of internal control, the auditor’s job is to determine if the school’s internal system in any way prevents employees or management from noticing, reporting and correcting misstatements when they happen. That is called a deficiency in internal control.
If a district has a deficiency such that there is a real possibility that a misstatement would not be detected, then the district is found to have a material weakness, which is more serious.
The office did acknowledge that the audit was fairly limited, and that it doesn’t determine positively that such deficiencies don’t exist.
In order to do a limited audit, the auditor’s office performed tests of the compliance of the district with certain laws and regulations, grant agreements and contracts which could affect the accuracy of the district’s financial statements.
“In our opinion, the District complied, in material respects, with the types of compliance requirements…that could have a direct and material effect on each of its major federal programs for the year ended August 31, 2013,” the report read.