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Elwood board accepts clean audit, reviews $700,000 Smart Schools Bond plan and approves clinical placements with Northwell
Summary
The Elwood Union Free School District accepted an unmodified external audit showing no findings, heard a proposal to invest roughly $700,000 of Smart Schools Bond funds in Wi‑Fi, servers, backups and classroom PCs, and unanimously approved an agreement with Northwell Health to place students for clinical training.
The Elwood Union Free School District Board of Education accepted an unmodified opinion on the district's June 30 financial statements and discussed a Smart Schools Bond spending plan to modernize school technology.
Assistant Superintendent for Business Lorraine Dunkel told the board the external audit contained no findings or material weaknesses and reported the district's unassigned general fund balance at 2.794, equal to 3.64% of the current approved budget — slightly below New York State's recommended 4%. Dunkel said the district's total fund equity decreased by roughly $1.3 million, attributing the reduction primarily to the expiration of COVID relief funds and increased capital expenditures and contractual obligations.
"All of our financial reports are available on the school district's website," Dunkel said, and noted the district allocated $3,000,000 of appropriated fund balance to the budget this year, up from $2,000,000 the previous year, to avoid exceeding the tax cap.
The board…
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