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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 — along with the statement of net position, the statement of activities and a five‑year history of pension and health‑insurance costs and Public School Employees’ Retirement System (PSERS) employer contribution rates. Board members questioned how projected PSERS costs would affect the district’s ability to balance next year’s budget.
Why it matters: pension contribution rates for PSERS are set outside the district and can significantly increase local school spending. Superintendent Dr. Brian White told the board that delinquent‑tax collectables were about $1.1 million and noted local growth, saying there are 43 new homes in Collier Township. He also said that "the funding was not the problem; it's the pension issue that needs addressed," drawing attention to the district’s $613,000 pension liability figure mentioned in the meeting.
Board finance discussion focused on the district’s PSERS payout for the prior year and on strategies to balance the budget in coming years. No formal budget votes occurred at the meeting; the board proceeded to other agenda items and took no additional fiscal action at the session.
The board adjourned at 9:25 p.m.
