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.

     

    2022-2023  Audit/Finance Committee Meeting Calendar

     

    Date & Time Type of Meeting Topics

    Monday

    August 29, 2022 at 5:30 PM

    Finance

     

    • New Member Orientation (If necessary)
    • Core Presentation
    • Culinary Nutrition Review
    • Business Office Updates

    Tuesday

    September 6, 2022 at 6:30 PM

    Audit*/Finance

    Audit Agenda Minutes

    • Review of Audit Committee Charter
    • Election of Chair
    • Oath of Office
    • Review of meeting calendar and topics
    • June 30, 2022 Draft Year-End Financial Summary

    Monday

    October 3, 2022 at 6:30 PM

    Audit*/Finance

    Audit Agenda Minutes *

     

    • Energy Consultant Presentation
    • External Auditors - Draft Year-End Financial Statements
    • Mgt. Letter
    • Corrective Action Plan
    • Draft Budget Calendar

    Monday

    November 7, 2022 at 6:30 PM

     Finance
    • Update on Investment Advisory Services
    • Operations Update
    • Discuss RFP's to be issued for External Auditor

    Monday

    November 21, 2022 at 6:30 PM

    Finance
    • Investment Advisory Services Presentation

    Monday

    December 5, 2022 at 6:30 PM

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

    January 3, 2023 at 6:30 PM

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

    Monday

    February 6, 2023 at 6:30 PM

    Audit*
    • Interview External Auditors

    Monday

    March 6, 2023 at 6:30 PM

    Finance 
    • Superintendent's Draft Preliminary Budget

    Monday

    April 17, 2023 at 6:30 PM

     Audit*
    • Audit Plan - External Auditors
    • Claims Auditor

    Monday

    May 15, 2023 at 6:30 PM

    Audit*

     

    • Internal Audit Intensive Area Report and Corrective Action Plan

    Monday

    June 5, 2023 at 6:30 PM

    Audit*

    Finance

    • Audit Engagement Letters
    • Fund Balance Reserve Plan
    • Fund Balance Projections - G/F & SLF
    • SLF Budget 2023-24

     

    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