Results: Does the checking account balance ever exceed the amount established by the School Committee? ___ Yes ___ No If Yes, report a finding. Determine if the School Principal and/or their designee (if applicable) have given bond to the City/Town/District Treasurer for faithful performance, and that all designees have been properly authorized by the School Committee. Results: Evidence of the School Principal and/or their designee (if applicable) securing or being secured by a fidelity bond exists. ___ Yes ___ No If No, report a finding. Determine if the annual audits have been performed, either by an outside independent audit firm or as is permissible, internally. Evidence of this may be obtained from reports developed as a result of the process. Results: Verify evidence that an annual audit process exists and has been conducted. ___ Yes ___ No If No, report a finding.
Results: Does the checking account balance ever exceed the amount established by the School Committee? ___ Yes ___ No If Yes, report a finding. Determine if the School Principal and/or their designee (if applicable) have given bond to the City/Town/District Treasurer for faithful performance, and that all designees have been properly authorized by the School Committee. Results: Evidence of the School Principal and/or their designee (if applicable) securing or being secured by a fidelity bond exists. ___ Yes ___ No If No, report a finding. Determine if the annual audits have been performed, either by an outside independent audit firm or as is permissible, internally. Evidence of this may be obtained from reports developed as a result of the process. Results: Verify evidence that an annual audit process exists and has been conducted. ___ Yes ___ No If No, report a finding.
DESE_Audit-Guidelines.docx