TSD Audit Exit Conference - May 20, 2026

The Tumwater School District held an audit exit conference on May 20, 2026, to review the results of their recent accountability, financial statement, and federal grant compliance audits covering fiscal years 2023-2025. The auditors reported no significant deficiencies or material weaknesses in the financial statements but issued a management letter recommending improved internal controls related to the implementation of new accounting standards for compensated absences. The district's financial condition was noted as a concern due to declining fund balances, with recommendations to continue monitoring and updating financial response plans. The federal grant compliance audit found no material non-compliance issues. Audit costs aligned with initial estimates, and the district was commended for its cooperation and timely provision of documents. The next audit is scheduled for early 2027, focusing on financial statements and federal programs.