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Audit committee selects employee and retiree benefits administration as this year’s focus
Summary
The Newburgh City School District Audit and Finance Committee chose employee and retiree benefits administration as this year’s audit focus, citing that benefits cost "70 plus million dollars a year," that the area hasn’t been reviewed in at least eight years, and that RBT will begin fieldwork in May.
John Durey, chair of the Newburgh City School District Audit and Finance Committee, said the panel had selected ‘‘employee and retiree benefits administration’’ as this year’s focus for internal audit work. "The area we've selected is, employee and retiree benefits administration," Durey said, signaling a closer review of how the district administers benefits.
The move responds to the committee’s concern about scale and oversight. An unidentified committee member told the group that benefits constitute "70 plus million dollars a year" in district expenses and that the…
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