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Audit committee: external audit on track for February; district appealing two IRS penalties
Summary
At a Jan. 19 meeting the Riverhead Central School District audit committee reported the external audit is on track for a February filing, the district has filed STAR exemptions with three towns, federal and state grants are current, and the district is appealing two IRS penalties for late W-3 filings.
The Riverhead Central School District audit committee reported on the district’s fiscal status and administrative filings, saying the external audit is progressing and the district expects to file in February.
Committee members said the district’s STAR application had been completed and filed with three towns — Riverhead, Southampton and Brookhaven — and that federal and state grants from prior school years are…
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