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Board accepts financial report; audits flag separation‑of‑duties weakness in student activity funds
Summary
The Colonial Heights School Board accepted its monthly financial report on Oct. 28 and heard that student‑activity fund audits found a control weakness: one person handling both revenue and expenditures at the school level. Auditors reported no material misstatements at the school level but noted the risk tied to limited segregation of duties.
The Colonial Heights School Board on Oct. 28 voted to accept the monthly financial report and heard results from recent audits of student activity funds.
Business‑services staff presented the financial packet and summarized the independent accountants’ review of student‑activity funds. The auditor’s report…
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