Purpose of Audit

The purpose of our audit was to determine if the District had established effective internal controls over the activity fund for the period July 1, 2013 through April 30, 2015.

Background

The Newcomb Central School District is located in the Town of Newcomb, Essex County. The District, which operates one school with approximately 100 students, is governed by an elected five-member Board of Education. Budgeted appropriations for the 2014-15 fiscal year totaled approximately $6 million.

Key Findings

• The Board did not ensure that District officials implemented and enforced its policy governing the operations of the activity fund.
• Collections that were remitted to the central treasurer often did not have supporting documentation.

Key Recommendations

• Ensure that the activity fund is maintained in accordance with District policy.
• Ensure that the central treasurer receives supporting documentation for all activity fund cash receipts.