Home News Transcript News Transcript News

Audit of Freehold Borough schools reveals no issues with district’s finances

FREEHOLD – No recommendations for corrective action were made following the most recent audit of the Freehold Borough K-8 School District.

The Board of Education accepted the comprehensive annual financial report (audit) for the 2017-18 school year at a meeting on March 4. The fiscal year covered by the audit ended on June 30, 2018.

In accordance with state law, the governing body of every municipality and school district must conduct an annual audit of its books, accounts and financial transactions. The school district’s audit was conducted by the firm of Samuel Klein and Company.

Board members passed a resolution to accept the audit and acknowledged there were no recommendations arising from the firm’s review of the school district’s financial operations.

Board members certified to the state Department of Community Affairs Local Finance Board that all members of the board reviewed, as a minimum, the sections of the audit entitled General Comments and Recommendations. Because no recommendations were made in the audit, no corrective action plan for 2017 or 2018 is required or necessary.

In other business, on March 18, the board authorized the submission of an application for the 21st Century Community Learning Center Competitive Grant from the U.S. Department of Education from Sept. 1, 2019, through Aug. 31, 2024, in the amount of $535,000 per year.

According to the Department of Education, the program supports the creation of community learning centers that are intended to provide academic enrichment opportunities during non-school hours for children, particularly students who attend high-poverty and low-performing schools.

And, the board awarded a contract to Schoolwide Inc. for three days of on-site professional development for K-5 teachers in reading and writing workshops. Schoolwide Inc. will receive $1,700 per day, for a total of $5,100.

Rutgers University also sought the contract to provide the services, but was unable to perform the services on the dates requested, according to district administrators.

Exit mobile version