Welcome to the Audit-Finance Committee page.

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    The Finance Committee reviews and discusses topics related to school finances, and offers multiple perspectives on how the district financially supports its educational program. The council is comprised of Board and community members who possess financial, auditing and accouting experience.

    The Audit Committee oversees and reports to the Board of Education on the annual audit of district records. It is a sub-committee of the Finance Advisory Council. Specifically, the purpose of the Audit Committee is to comply with Chapter 263 of the laws of 2005, "The Five-Point Plan." The committee's role is advisory and any recommendations it provides shall not substitute for any required review and acceptance by the Board of Education.

    Click here for policy and charter.

     

    2020-2021  Audit/Finance Committee Meeting Calendar

     

    Date & Time Type of Meeting Topics

    Monday

     

    August 31, 2020 at 6:30 PM

    Audit*
    • Review of Audit Committee Charter
    • Election of Chair
    • Oath of Office
    • Review of meeting calendar and topics
    • June 30, 2020 Draft Year-End Financial Summary

    Monday

    September 21 at 6:30 PM

    Audit*
    • External Auditors - Draft Year-End Financial Statements, Mgt. Letter, Corrective Action Plan
    • Aquarius Capital - Other Post-Employment Benefits (OPED), Reporting in accordance with GASB 75
    • Draft Budget Calendar

    Monday

    October 26th at 6:30 PM

    Audit*
    • Cyber audit and corrective action plan with Ron Velez; Director, MIS

    Wednesday

    November 4th at 6:45 PM

    Audit*
    • Response to the Office of the State Comptroller’s Report of Examination 2020M-71

    Monday

    November 23rd at 6:30 PM 

    Audit*
    • Internal Audit Risk Assessment Report
    • Selection for Intensive Area for Review

    Monday

    December 7th at 6:30 PM

     Finance 
    • Draft presentation of the District's Update to its Long-Range Plan
    • Budget Parameters Reviewed
    Monday

    January 25th at 6:30 PM

    Finance
    • Claims Auditor
    • Review of CSEA Bargaining Unit Contract

    Monday

    March 1st at 6:30 PM

    Finance
    • Superintendent's Draft Preliminary Budget

    Wednesday

    April 19th at 6:30 PM

    Audit* 
    • External Auditors - Audit Plan
    • Claims Auditor

    Monday

    May 24th at 6:30 PM

    Audit*
    • Internal Audit Intensive Area Report and Corrective Action Plan

    Monday

    June 7th at 6:30 PM

    Audit*
    • Engagement Letters
    • Fund Balance Reserve Plan
    • Fund Balance Projections

     

    Members

    Board: Mr. James Hricay, Dr. Cayne Letizia, Dr. Randy Stein*

    Community: Mr. Tim Donohoe, Mr. Craig Mondschein

    Administration: Dr. Joseph L. Ricca, Superintendent of Schools; Dr. Ann Vaccaro-Teich, Assistant Superintendent for Business; Ms. Marcy Moscowitz, School Business Official

     *Chair