AUDITS + BOARD RECORDS.
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Authorized refunding bonds up to $1.965 million, interest up to 6%, with final maturity no later than September 1, 2022.

Minutes addressing DB Wooton Consulting checks/invoices, stopping payments and benefits, and return of JNRU property.

Amends the July minutes to tie stopping DB Wooton Consulting payments to Wooton's May 2022 voluntary resignation; later records Gerth's statement that the last bond payment was $20,000 in March 2020 and a unanimous authorization for another $20,000.

The board discussed the delinquent water bond and unanimously approved paying the remaining $310,000 balance in full.

Annual reports for 2007 and 2008 were not filed; the report also addressed a $67,726 employment-agreement buyout, bond-fund requirements, claims approval and accounts-receivable reconciliation.

2009 audit with comments on late annual reporting, bond-ordinance compliance, claims approval, unused vacation, records, bank reconciliations and accounts receivable.

SBOA disclaimed an opinion because cash was not properly reconciled and supporting documentation was not presented for $1,518,863 in recorded disbursements. The report also identified financial-statement and federal-award control findings.

No 2012 annual report, financial statement or SEFA was presented. The report also addressed clearing-account balances, receivables, records, receipts/deposits and supporting documentation.

2017 financial statement audit. SBOA specifically called attention to a going-concern emphasis in the independent auditor report.

Ten examination findings, including segregation of duties, receipt/disbursement support, late reports, materiality threshold, internal controls, official bond, time cards and the absence of Annual Financial Reports for 2013-2016.

A broad five-year compliance engagement with pervasive control findings. It documents missing ledgers, reconciliation problems, AFR errors, debt delinquency, questioned compensation/benefits costs, missing contracts, no Gateway monthly/annual uploads and other recurring issues.

2023 financial statement audit with an unmodified opinion on the SBOA regulatory basis. Year-end cash and investments were reported at $509,061.

2023 supplemental report continued findings on controls, fund use, debt, internal-control adoption/certification, uploads, capital assets, materiality and official bonds. Five of 32 payroll items tested involved employees not included in an approved pay schedule.

Current two-year financial audit. Regulatory-basis financial statements received an unmodified opinion. Ending cash and investments were $538,222 at December 31, 2025; the remaining $310,000 bond principal was paid in full February 24, 2026.

Current supplemental report repeats control, fund-accounting, internal-control adoption/certification, materiality, official-bond, upload and capital-asset issues. The District response describes post-period corrective actions and target dates.