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Board approves audit committee recommendations and NYS OSC Corrective Action Plan
Summary
The Audit Committee reported that the single audit found no deficiencies; the board accepted the Extraclass Audit Report, Single Audit Report and the NYS Office of the State Comptroller Corrective Action Plan (CAP 2024M-75) and directed expanded audit committee oversight.
Audit Committee Chair Jim Colt summarized the committee review and presented key findings from recent audits. He told the board that the single audit "found no deficiencies" and that the committee recommended approval of the Extraclass Audit Report and the district’s Corrective Action Plan responding to the NYS Office of the State Comptroller (OSC) report (CAP 2024M-75).
The board approved the audit committee items by recorded vote (5 Ayes, 0 Nays). District leaders described the CAP as focused on reserve practices and financial-management clarity, and said the Audit Committee’s role will be expanded to increase transparency and oversight. Committee materials presented included a debt-service reconciliation for fiscal years 7/1/2000–6/30/2017 and a single-audit package; no deficiencies were reported in the single audit according to the committee report.
