State Auditor issues “finding” to Lake Quinault School District
The auditor’s office said in the finding that they would follow up on the issue during their next audit, recommending that the District officials:
· Work closely with the Education Service District on ways to improve its fund
balance and to create financial stability.Washington State Auditor’s Office
· Adopt and follow a formal, comprehensive plan that includes detailed financial
benchmarks and guidelines to specifically meet loan requirements.
· Closely monitor and evaluate the District’s financial activities to ensure the plan is
being followed and the desired results are achieved.
· Revise the plan as needed to resolve cash flow issues.