Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit topic
No spam. Unsubscribe anytime.
Waterford Board accepts 2024–25 audit with no findings, approves roughly $1.6M in payments and contracts
Summary
The Waterford Township Board of Education accepted the district’s 2024–25 external audit (no findings) and approved board secretary financial certifications, several contracts, tuition placements and bills lists totaling about $1.6 million during its Feb. 11 meeting.
The Waterford Township Board of Education on Feb. 11 accepted the district’s external audit for the 2024–25 fiscal year and approved a series of financial actions, including payment of several bills lists and authorization of contracts and tuition placements. Board Secretary and Business Administrator Christopher Eberly presented the finance items and the audit outcome.
The board voted to accept the audit prepared by Bowman & Company (PKF O'Connor Davies), which the district reported included zero findings or recommendations for the fiscal year ending June 30, 2025. The board also certified that no account lines were over-expended for December 2025 and that sufficient funds were available to meet district obligations, as required under N.J. statutes (18A:17-9; N.J.A.C. 6A:23A-16.10).
The meeting approved payment of multiple bills lists: Bills List #1 for $1,474,861.75; Bills List #2 for $4,518.95; Bills List #3 for $58,795.40; and Nutri-Serve invoices totaling $46,979.92. The board authorized contracts with Archway Programs for summer program services and for evacuation space, and accepted several tuition contracts for out-of-district placements (e.g., Bonnie Brae, Archway-Early Learning, Hampton Academy) with amounts recorded in the minutes.
The board approved submission of the New Jersey Learning Acceleration Program — High-Impact Tutoring competitive grant application (project period May 1, 2026, to May 31, 2027) and accepted facility-use requests and transportation contracts tied to student placements. The board also approved cooperative purchasing agreements, including with the Somerset County Educational Services Commission.
Board President Matthew DeNafo and Business Administrator Christopher Eberly noted that the audit acceptance concluded without required corrective action. The board’s business motions were carried by roll-call votes where specified; a single abstention was recorded for one bill-list item (Mr. O'Donnell abstained on Bill List #1 as noted in the minutes). The board adjourned at 7:58 p.m.
The next procedural step noted in the minutes is routine implementation of contracts and grant submissions; no additional public hearings on these financial items were scheduled during this meeting.
