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 accounting 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.

     

    2021-2022  Audit/Finance Committee Meeting Calendar

     

    Date & Time Type of Meeting Topics

    Monday

    August 30, 2021 at 6:30 PM

    Audit*/Finance
    • Review of Audit Committee Charter
    • Election of Chair
    • Oath of Office
    • Review of meeting calendar and topics
    • June 30, 2021 Draft Year-End Financial Summary

    Monday

    September 27, 2021 at 6:30 PM

    Audit*
    • External Auditors - Draft Year-End Financial Statements, Mgt. Letter, Corrective Action Plan
    • Draft Budget Calendar

    Monday

    October 25, 2021 at 6:00 PM

    Finance
    • Food Service Update
    • Transportation Update
    • Discuss RFP's to be issued for Internal Audit
    • Internal Claims, Investment Advisor

    Monday

    December 6, 2021 at 6:30 PM

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

    Monday

    January 3, 2022 at 6:30 PM

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

    January 24, 2022 at 6:30 PM

    Audit*/Finance
    • Interview Investment Advisors

    Monday

    January 31, 2022 at 6:30 PM

    Audit*
    • Interview Claims Auditors
    • Status - Food Service

    Monday

    February 7, 2022 at 6:30 PM

    Audit*
    • Interview Internal Auditors
    • Status - Transportation

    Monday

    March 7, 2022 at 6:30 PM

     Audit/Finance
    •  Superintendent's Draft Preliminary Budget

    Monday

    April 18, 2022 at 6:30 PM

    Audit
    • Audit Plan - External Auditors 
    • Claims Auditor

    Monday

    May 23, 2022 at 6:30 PM

    Audit

    Finance

    • Audit - Internal Audit Intensive Area Report and Corrective Action Plan
    • Finance - Updates

    Monday

    June 6, 2022 at 6:30 PM

    Audit

    Finance

    • Audit - Engagement Letters, Fund Balance Reserve Plan, Fund Balance Projections
    • Finance - Updates

     

    Members

    Board: Ms. Rosemarie Eller, Mr. James Hricay, 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