LW 210 Audit Shows District 'Moving Forward': Board President

An audit of Lincoln-Way High School District 210 showed the school system had improved its financial reporting since 2016, but there were still a few areas that needed attention. Wermer, Rogers, Doran and Ruzon — the accounting firm — conducting the audit, however, found no new problems for the district to address. A representative from the firm discussed the audit during a board of education meeting last month, according to the Daily Southtown.

Board President Joe Kirkeeng said during the Nov. 16 meeting that he was glad to see the district was "moving forward," the report stated. He said the items that still needed attention that the audit pointed out were "cosmetic" in nature, the report added.

An audit last year revealed gaps in the district's bookeeping, such as not identifying the sources of federal funding and improperly logging expenses made over the past several years, the report stated. At the November meeting, Katie Napier, the accounting firm's representative, told the board those problems had been resolved, the report added.

Napier also said the district made strong improvements in its internal oversight systems, the report stated. The district created an inspector general position earlier this way as a way to spot potential fraud following a recommendation from district's 2016 audit, and it has been keeping an eye on fund balances with monthly financial updates, the report added.

More Patch Coverage:

• LW 210 On State's Financial Watch List Again
  
• LW 210 Seeks Inspector General
  
• LW 210 Hires New Chief Financial Officer
  
• State Targets LW 210's Finances In Investigation
  
• LW 210 Will Pursue Forensic Audit

One issue in the current audit that Napier noted was that the district didn't adequately budget for all of the expenses for its education and debt service funds, the report stated. District officials, though, have said they already are working to resolve that, the report added.

More via the Daily Southtown

Image via Lincoln-Way High School District 210