Purpose of Audit

The purpose of our audit was to determine if BOCES had established effective internal controls over extra-classroom activity funds for the period July 1, 2014 through June 30, 2015.

Background

The Otsego Northern Catskills BOCES, which provides educational services to students from 19 component districts, is governed by a nine-member Board of Education elected by the boards of the component districts. Extra-classroom activity funds recorded almost $118,000 in receipts and $124,000 in disbursements for the 2014-15 fiscal year.

Key Finding

• BOCES officials did not perform fundraising activity reconciliations.

Key Recommendation

• Develop policies and procedures requiring a final accounting or reconciliation of each fundraising activity, which should be reviewed and any significant differences resolved and reported to the appropriate level of management.