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Board approves internal audit report and moves to raise budget‑transfer threshold in first reading
Summary
The Cornwall Central School District board approved the 2024–25 internal audit report and corrective action plan, discussed an audit finding on monthly accounts‑payable recording, and took a first reading of Policy 61.50 to raise the budget‑transfer threshold (from $10,000 to $25,000) and allow superintendent/assistant superintendent authority for June transfers.
The Cornwall Central School District Board of Education approved the 2024–25 internal audit report, accepted the audit’s corrective action plan and held a first reading of a change to Board Policy 61.50 that would raise the district’s threshold for budget transfers and clarify end‑of‑year authority.
Board members spent substantive time on a finding that the auditor described as the district not recording accounts‑payable on a monthly basis but instead recording at year‑end. District…
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