{
  "period": "July 1, 2023 through June 30, 2025",
  "regulatory_basis_opinion": "Unmodified",
  "compliance_findings": [
    {
      "id": "2025-001",
      "subject": "Capital Assets \u2013 Inventory",
      "summary": "No procedure ensured a complete physical inventory at least every two years; the asset listing was incomplete and not current."
    },
    {
      "id": "2025-002",
      "subject": "Annual Financial Report \u2013 Leases and Debt Schedule",
      "summary": "Three equipment/vehicle leases were omitted; audit adjustments increased reported annual lease payments by $478,632."
    },
    {
      "id": "2025-003",
      "subject": "Annual Financial Report \u2013 Capital Asset Schedule",
      "summary": "The schedule could not be reconciled to the underlying detail; the $128,654,284 variance was an overstatement and was adjusted."
    }
  ],
  "financial_federal_findings": [
    {
      "id": "2025-001",
      "subject": "SEFA preparation",
      "summary": "Material weakness; audit adjustments produced a net $314,218 overstatement correction. The finding repeats the prior 2023-001 issue, which had understated federal awards by $1,211,044."
    },
    {
      "id": "2025-002",
      "subject": "Suspension and debarment",
      "summary": "Significant deficiency; two covered transactions totaling $73,208 were not verified before payment. Auditors did not identify a suspended/debarred vendor and reported no questioned costs."
    },
    {
      "id": "2025-003",
      "subject": "Education Stabilization Fund equipment/property management",
      "summary": "Material weakness involving nine equipment purchases totaling $564,248; the asset list had not been updated since 2020 and no required biennial inventory had been completed. No questioned costs were reported."
    }
  ]
}