Purpose of Audit
The purpose of our audit was to determine whether District officials adequately segregated Business office disbursement duties and whether the Treasurer controlled the use of her electronic signature for the period July 1, 2015 through May 31, 2017.
The Colton-Pierrepont Central School District is located in the Towns of Colton, Parishville and Pierrepont in St. Lawrence County. The District, which is governed by a seven-member Board of Education, has approximately 300 students. Budgeted appropriations for the 2016-17 fiscal year totaled approximately $10.6 million.
- The District Clerk’s payroll duties were inadequately segregated, including preparing bank reconciliations and controlling all phases of the payroll process.
- The Treasurer did not control her electronic signature.
- Establish compensating controls over the clerk’s duties.
- Ensure the Treasurer maintains control of her electronic signature.