Pine Plains Central School District - Internal Controls Over Select Financial Activities (2018M-52)

Issued Date
June 29, 2018

[read complete report - pdf]

Audit Objective

Determine the accuracy of the Treasurer's reports and the effectiveness of internal controls over bank checks and transfers.

Key Findings

  • Officials did not identify $93,569 in federal withholding penalties that were incurred and paid by the Treasurer.
  • Officials did not properly oversee the bank reconciliation and accounting processes of the Treasurer.

Key Recommendations

  • The Board should review and segregate incompatible duties or have mitigating oversight.
  • The Board should ensure that interim financial reports are reviewed to detect errors in preparation.