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Presenter Mr. Volteland reports district in sound financial condition and compliance with federal rules
Summary
An external presenter, introduced as Mr. Volteland, told the board the district's external audit found compliance with federal regulations tied to federal funding, healthy reserves near New York State's 4% fund-balance guideline, and no internal-control issues; the full audit is linked under the agenda.
Mr. Volteland, introduced by the board as the external presenter, gave a high-level overview of the district's external audit and compliance review.
"The district's in very sound financial condition," he said, adding that the audit examined internal controls and compliance with federal regulations connected to federal dollars and the Single Audit Act. He said the district holds reserves at roughly the New York State 4% fund-balance requirement: "Right at that 4% level, we've got very healthy reserves."
Volteland told the board the external-audit materials are available under the meeting agenda and that the full external audit is about seven or eight pages. He invited board members and members of the public to contact him with questions and said the audit found no significant internal-control or compliance exceptions.
The transcript does not record Mr. Volteland's employer or a formal title beyond the board's introduction; the board introduced him as "mister Volteland" and the meeting described his role as the external presenter for the audit.
