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Annual KPS audit reveals no major issues

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Annual KPS audit reveals no major issues

By
Michael Swisher Kt&fp Editor

Kingfisher Public Schools’ financial audit for 2023-24 offered no major red flags.

The report of the audit’s findings were presented to board of education members Monday during their February regular meeting.

The audit was prepared by Britton, Kuykendall & Miller CPAs of Weatherford.

James Kuykendall attended the meeting and made about a 12-minute presentation to the board.

“We did finish it. Everything went well,” Kuykendall said. “The staff worked well with us and we were able to finish it with no problems.”

Kuykendall spent the next several minutes going over the various “stats” of the school’s financial status from the previous fiscal year.

Kuykendall said the audit did contain a couple of “comments.”

“Not audit comments, but just what we consider management comments,” he said. “It’s just things that need to be strengthened as far as internal controls are concerned.”

One dealt with federal programs and ensuring the recording of revenue and expenditures matched up and were recorded properly; inventory and tracking of technology and equipment; ensuring invoices are paid out for the correct fiscal year, especially when invoices are received untimely and/ or at the end of a fiscal year; ensuring all vendors who are paid more than $600 a year are given 1099s for tax purposes; and recording interest earned on CDs in a timely manner.

“Those are all just issues of internal control that we need to strengthen,” he said. “We have the controls, we just need to strengthen them and make sure that nothing gets missed.”

Interim Superintendent Andy Evans provided board members a response to each of the deficiencies and said some have already been corrected.

“We will make sure that everybody is aware of those recommendations and we’re going to adhere to those as close as we possibly can,” Evans said.