RSS Feed
 |
|
|||||
|
Financial prowess in the Farmingdale school district During a regularly scheduled Board of Education meeting on December 6, 2006, Farmingdale School District's accounting firm, Callaghan and Nawrocki LLP, presented a series of highlights from this year's external audit. According to the State Comptroller's Office, every New York State School District must perform two separate audits each year: an internal audit function and an external audit. This annual audit process was established to ensure that the school districts are maintaining a sense of fiscal responsibility. Callaghan and Nawrocki LLP, were hired as Farmingdale's external auditors from a screening process done by both school administrators and the Fiscal Advisory Committee consisting of members of the community and the Board of Education. Callaghan and Nawrocki LLP, announced that Farmingdale School District has "No material weaknesses or reportable conditions on internal control." As a result of this audit the Farmingdale School District was found to be conscientiously under budget in all of the following areas: general support, transportation, instruction and employee benefits. The audit process proved to be smooth for the accountants, free of difficulties in the performing of the audit and free of disagreements and/ or inconsistencies. The Farmingdale School District has improved in 16 specified areas since last year, proving that the district takes the audit process seriously and works to continually improve financial practices.
Paul Defendini, Farmingdale's new business administrator, responded to this year's highlight by stating, "I am very fortunate to be involved with an organization that is so diligent in their financial matters.
|
for larger version       Ads have a Patent Pending. Click Here for More Information |
||||
