Scope of Audit - The audit shall include an audit of the books, accounts, and moneys and a verification of all cash and bank balances of the board of education/board of trustees, and of any officer or employee thereof, and of any organization of public school pupils conducted under the auspices of the board of education/board of trustees/renaissance school project. 1. General Fund (including Fund 15 for district required to use school-based budgeting, and fund 19 – Community Development Block Grant, where applicable) 2. Special Revenue Funds 3. Capital Projects Funds 4. Debt Service Funds [does not apply to charter schools/renaissance school projects] 5. Permanent Funds 6. Enterprise Funds and Internal Service Funds 7. Private Purpose Trust and Agency Funds 8. Student Activity Funds
N.J.S.A. 18A:23-4 states “The secretary of the board shall prepare or have prepared a synopsis or summary of the annual audit and recommendations, prior to the holding of the meeting of the board of education to take action thereon; A copy of which synopsis or summary shall be available for distribution to interested parties at the meeting.”AUDIT SYNOPSIS 2010 - AUDIT SYNOPSIS 2011 - AUDIT SYNOPSIS 2012
The complete comprehensive annual financial report (Audit) is maintained on site in the Business Office and available for review upon request.