The Examiner U-46 News Feed
Audit letter update approved by U-46 board
By Seth Hancock
The Board of Education in School District U-46 unanimously approved, of an update to its annual audit arrangement letter at its meeting on Monday, Feb. 8 which was held electronically due to COVID-19 regulations.
The arrangement letter, done through RSM US, LLP., required an addendum due to increased federal government funds coming in from so-called stimulus due to COVID-19 dictates shutting down private economic activity, but local and state government entities also received bailouts.
“Typically, each year we participate in the same federal programs,” said Dale Burnidge, director of financial operations. “So, the original arrangement letter from July 8 stated that the federal programs that we participated in did not significantly change from the prior year.”
Burnidge added: “However, due to the CARES Act, we were able to use the funds from the Elementary and Secondary School Emergency Relief fund. And we also participated in some new food service programs, including the summer food service program. So, this addendum just confirms that these new programs will be included in the single audit report.”
The food programs included a children’s milk program, adult and child care food program and a summer food program for children.
The federal CARES Act was approved last year and was the largest spending bill in history totaling over $6 trillion between spending measures and monetary measures from the Federal Reserve.
Also unanimously approved was $9 million in itemized bills as well as an $89,075 project at Streamwood’s Ridge Circle Elementary School.
The project is asbestos abatement concerning a domestic water piping replacement. The project will be funded through the operations and maintenance fund, and the work will be done by Universal Asbestos Removal.