Citizens Against New Local Taxes  (CANLT)

Las Virgenes Unified School District - Audited Annual Financial Reports, and Current Year Budget


LAS VIRGENES UNIFIED SCHOOL DISTRICT (LVUSD) ANNUAL BUDGETS AND ANNUAL AUDITED YEAR-END FINANCIAL REPORTS

  
AUDITED ANNUAL FINANCIAL REPORT, 2009
AUDITED ANNUAL FINANCIAL REPORT, 1994
AUDITED ANNUAL FINANCIAL REPORT, 1992
 
                                                    

6/7/2010:  CANLT has recently received all LVUSD Audited Annual Financial reports from 1992 through 2009, and will publish them here as we scan them and as time permits -- because LVUSD has to date declined/refused to publish AUDITED reports on its own web site (as of 8/23/2010).   LVUSD may be declining/refusing to publish its AUDITED reports because of "Significant Deficiencies" in LVUSD's financial processes that auditors have noted.  See the columns below,  regarding Auditor concerns of "Significant Deficiencies" noted in the Audited Annual Financial Report For Year Ending June 30, 2009. 
 
LVUSD's WEB SITE (as 8/23/2010) DOES NOT SHOW AUDITED REPORTS,  only unaudited, including the following.
CANLT has obtained the audited reports and will publish them all as time permits, because LVUSD THUS FAR LVUSD HAS DECLINED/REFUSED TO PUBLISH THE AUDITED REPORTS ON ITS OWN WEB SITE.   In the interest of good faith and full public disclosure, LVUSD should be publishing its annual audited reports every year.


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New 4/26/2010 

Audited Annual Financial Report For Year Ending June 30, 2009 is available here.   AUDITORS NOTED "SIGNIFICANT DEFICIENCIES" WITHIN LVUSD, including their Payroll process, and also significant deficiencies in other areas including: cash disbursements, cash receipts, and check signature processes.

See in particular pages ~71-76, where

Auditors wrote:   ..."There is no independent review of the input performed by the payroll technicians to ensure that the changes and/or input were authorized and recorded properly, nor are there other mitigation controls. The only review is that performed by the payroll technician who actually entered the change into the system.  Adequate segregation of duties dictates that a person independent of the payroll process should enter employee information and rates of pay into the human resources (personnel) and payroll system(s).This decreases the risk that a phantom employee is paid or that an unauthorized change is made to an existing employee's rate of pay. The District should implement procedures to ensure that the payroll technicians are not able to enter or make changes to employee payroll information in the human resource system. As a mitigating control, an independent review by someone other than payroll department staff should be performed to ensure that data input by the payroll technician into the payroll system is properly recorded and that all changes have been approved." .




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New 4/26/2010

Audited Annual Financial Report For Year Ending June 30, 2009 is available here.   AUDITORS NOTED "SIGNIFICANT DEFICIENCIES" WITHIN LVUSD, including their Payroll process, and also significant deficiencies in other areas including: cash disbursements, cash receipts, and check signature processes. See more information, to the left.

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