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Friday, February 11, 2011

Who on the board reviews district expenditures?

Question: Who on the BOE, is continuously and frequently reviewing detailed invoices that are being paid from our school district, as a check and balance, to ensure our money is being spent in the most cost-effective manner?

Answer: Each month, members receive a ledger of all the district’s disbursements. Each BOE member sits, on a rotating basis, on the Finance Committee, which meets monthly to review these disbursements in greater detail. The Finance Committee is chaired by the VP of the Board. The business office is audited annually. For the last two years the business office received spotless audits from an external auditor; these are known as unqualified opinions. Copies of these audits are available for review at the district office.

Another audit is conducted each year depending upon the desired area of focus and the amount of time since the last audit of that business function.
-answered by Ed Szumowski, Board of Education Vice President

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