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Audit finds no compliance problems; trustees warned of rising pension costs
Summary
Auditors told the Chartiers Valley School District board that the district's 2015–16 audit showed no compliance violations or significant deficiencies, while district leaders said pension obligations tied to PSERS are pressuring future budgets and will require attention.
Mr. Cypher, an auditor with Cypher & Cypher, presented the Chartiers Valley School District’s audit for the year ending June 30, 2016, and reported that the audit found no instances of non‑compliance with laws and regulations and no significant deficiencies.
The audit review covered the district’s major funds — General, Capital Improvement, Debt Stabilization and Cafeteria —…
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