The BOE will hold a public meeting Tomorrow Wed January 31, 2018.
An Audit on the BOE Budget of 2016-2017 made several recommendations.
-Legal Services: it said the district exceeds 130% of the statewide average for legal costs and recommends to implement specific internal controls for the reduction of costs or to provide evidence that such procedures would not result in a reduction of costs. The Board will vote on a resolution acknowledging it
See resolution below below
-Food service Finding - The audit indicated the fund exceeded three months average expenditures by $1,458,626
Recommendation- to reduce the net cash resources of the food service fund.
-Application for State School Aid revealed the following (CAFR Finding 2017-005): On-Roll • Student counts on the ASSA were not in agreement with supporting work papers provided for audit. • Certain students were not able to be verified to class registers provided for audit.
Resolution to recognize cost of legal services exceeded statewide average:
The Board recognizes that the cost of Legal Services for the 2016-2017 school year exceeded the statewide average per pupil amount as determined by the annual audit and as reported in the Taxpayer’s Guide to Education Spending. Furthermore, the Board is committed to reducing those costs to no more than 130% of the statewide average per pupil amount and to accomplish this will continue to monitor those expenditures in accordance with the requirements of N.J.A.C. 6A:23A-5.2(a)(3).
An Audit on the BOE Budget of 2016-2017 made several recommendations.
-Legal Services: it said the district exceeds 130% of the statewide average for legal costs and recommends to implement specific internal controls for the reduction of costs or to provide evidence that such procedures would not result in a reduction of costs. The Board will vote on a resolution acknowledging it
See resolution below below
-Food service Finding - The audit indicated the fund exceeded three months average expenditures by $1,458,626
Recommendation- to reduce the net cash resources of the food service fund.
-Application for State School Aid revealed the following (CAFR Finding 2017-005): On-Roll • Student counts on the ASSA were not in agreement with supporting work papers provided for audit. • Certain students were not able to be verified to class registers provided for audit.
Resolution to recognize cost of legal services exceeded statewide average:
The Board recognizes that the cost of Legal Services for the 2016-2017 school year exceeded the statewide average per pupil amount as determined by the annual audit and as reported in the Taxpayer’s Guide to Education Spending. Furthermore, the Board is committed to reducing those costs to no more than 130% of the statewide average per pupil amount and to accomplish this will continue to monitor those expenditures in accordance with the requirements of N.J.A.C. 6A:23A-5.2(a)(3).
