Audit Committee Charge

 The charge of the Board of Education's External Audit Committee is to review accounting and reporting of financial transactions, including commitments, authorizations and receipt and disbursement of funds.  The purpose of this type of audit is to verify that there are sufficient controls in place over cash and cash-like assets, and that there are adequate process controls over the acquisition and use of resources.  The committee will also be recommending operating procedures to improve efficiency and limit risk.

The committee will be broken down into project teams focusing on district financial operations, procedures and practices to determine if they follow best practices and to look at specific ways in which budget dollars can be saved and maximized.  They will also review whether effective policies and procedures are in place to protect and maximize resources and that they are properly monitored.  The project teams will report back their findings to the full committee.  The External Audit Committee will report to the board their findings and recommendations for Board action.  Sue Lavelli-Hozempa and Judy Apruzzese-Desroches will act as liaisons to the committee assisting the Audit Committee as required.  However, as stakeholders in the school system, like school employees, they will not participate in the actual fact finding.