As of June 30, 2016, the schools reported indebtedness to vendors in the amount of $4,659, detailed on the attached listing.  This indebtedness arises primarily due to the timing of vendor invoicing and the cessation of normal bookkeeping activity during the summer months.  As part of standard audit procedures, the District Auditing Office will verify that all indebtedness carried over into the new fiscal year is paid in a prompt manner and in accordance with School Board policies.  Conversely, all indebtedness reported last year has been paid and was reviewed for compliance with School Board policies.