Finding Text
Statement of Condition:
Significant Deficiency - The District does not have sufficient staff base to properly segregate accounting functions.
Criteria:
Proper internal controls over accounting transactions would include the ability to segregate certain accounting functions in order to protect assets.
Effect:
The results of our tests revealed no questioned costs or material misstatements.
Cause:
The Treasurer records all financial transactions.
Recommendation:
Both Susan Zammarelli, Treasurer and Edward Guries, Superintendent should be involved in the daily financial affairs of the District to include monthly ledgers, financial statements, bank statements and bank reconciliations.
Views of Responsible Officials and Corrective Action:
The District will strive to segregate as many accounting functions as practical with the limited staff available.