The Government Operations and Audit Committee meets tomorrow in Pierre. Among the agenda items is a conversation with the South Dakota High School Activities Association about its FY2017 Audit Report, which shows some sloppy bookkeeping.
The Department of Legislative Audit issued two negative findings on the SDHSAA’s financial tracking. The audit showed some FY2017 investment activity not reported, cash payments to supplies overstated, and cash payments to employees understated. DLA reports no sign of money going to the wrong hands.
The audit did find some money not getting to the SDHSAA soon enough. DLA found that the SDHSAA didn’t keep close enough tabs on its payments from SDPB for its five-year contract to broadcast state tournaments, meaning that SDPB owed the Association $27,620 plus interest at the end of FY 2017. SDPB paid up this year, but DLA says SDHSAA really ought to keep better track of such things.
The audit report includes the FY2017 financials, which show that basketball is the big money maker for the Association:
Our late winter basketball tournaments generated $1.19 million, nearly 37% of SDHSAA revenue in FY 2017. Just over half of that money comes from all the District and Region games around the state. Football generates “only” $505,000, with more than half of that coming from the pre-Dome playoffs. Corporate partnerships ($300K), volleyball ($281K), wrestling ($264K), fine arts fees ($156K), and track ($122K) are the other six-figure generators.
Gee SD DOE oversight! A novel Dugauaardian practice. Touts $17M surplus after getting lucky forcasting Budget doom&gloom in the last 6 mos. Must be an election year despite SD GOP unaccountability for $600M EB5 fraudulent unaudited churning; and we dont even know how much skimmed from MCEC GearUp. Millions of more late-audited or unaudited fraud.