MILLSTONE – No recommendations for corrective action were made following the 2017-18 audit of the Millstone Township K-8 School District.
Members of the school district’s Board of Education accepted the comprehensive annual financial report (audit) for the 2017-18 school year at a recent meeting. The fiscal year covered by the audit ended June 30, 2018.
In accordance with state law, the governing body of every municipality and school district must have an annual audit of its books, accounts and financial transactions. The school district’s audit was conducted by the firm Holman Frenia Allison, P.C.
After certified public accountants Matt Holman, the firm’s partner on the engagement, and Dana Montanelli, the firm’s manager on the engagement, provided a presentation and report regarding the audit, board members approved a motion to accept the audit.
“I’m happy to say we had no finds or recommendations that we needed to put in here for the school district to include in the audit,” Holman said. “This is about the cleanest opinion we can render and the cleanest report that can go out.
“We put the district through a lot and we would like to thank the business office for their compliance with everything we put them through, especially (Business Administrator) Bernie Biesiada and (Staff Accountant) Kevin Byrnes.
“They did a great job getting everything we asked for. It’s quite a bit of testing that we run them through over a three- to four-week period,” he said.
By accepting the audit, the board acknowledged there are no auditor’s recommendations for the 2017-18 school year.
The board also certified to the state’s 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.