Purpose of Audit

The purpose of our audit was to determine if online banking transactions were safeguarded for the period July 1, 2014 through December 9, 2015.

Background

The East Bloomfield Central School District is located in the Towns of Bristol, Canandaigua, East Bloomfield, Richmond, Victor and West Bloomfield in Ontario County. The District, which operates two schools with of approximately 970 students, is governed by an elected seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $20.2 million.

Key Findings

• District officials did not develop written procedures for online banking activities.
• A separate computer has not been dedicated for online banking.
• The bank has not provided the District with hardware tokens for added online banking log-on security.

Key Recommendations

• Establish written online banking procedures as specified in Board policy.
• Designate one computer to be strictly dedicated for online banking transactions.
• Contact the bank about adding a second log-on security feature such as a token to provide an extra level of assurance though two-factor authentication.