Purpose of Audit

The purpose of our audit was to determine if internal controls over Business Office operations were appropriately designed and operating effectively to adequately safeguard District assets for the period July 1, 2011, to November 30, 2012.

Background

The Oppenheim-Ephratah Central School District (District) is located in the Towns of Oppenheim, Ephratah, Johnstown, and Stratford in Fulton County and the Town of Manheim in Herkimer County. The District is governed by the Board of Education which comprises seven elected members. Budgeted expenditures for the 2012-13 fiscal year are approximately $8.4 million, funded primarily with real property taxes and State aid.

Key Finding

• The District established adequate internal controls over Business Office operations. Board policies and written procedures have been developed and adhered to by staff for cash receipts and disbursements, payroll, purchasing, and claims processing. Furthermore, District officials had developed appropriate segregation of duties amongst Business Office staff where possible and also implemented various reviews of the work performed as mitigating controls.

Key Recommendation

• There are no recommendations for this report.