Audit Committee

2020-2021 Members

John Revella
Thomas Jones
Joseph Bond
Kelly Ann Kelly
Katie McKnight
Sarah Messing 
Peter Sullivan

About the Committee

The Board of Education of the Valley Central School District has established an audit committee (“Audit Committee”) to provide independent assistance to the Board in the oversight of the following matters:

  • Assist the Board in providing oversight of the internal and external audit functions, including the appointment of the internal and external auditors.
  • Oversee the competitive Request for Proposal Process (RFP) used to solicit quotations for the District’s annual external audit.
  • Review the scope, plan, and coordination of the external audit.
  • Review corrective action plans and necessary improvement based on audit findings and recommendations received from external and internal auditors.
  • Provide a communications link between the external and internal auditors and the Board.

 All meetings will take place at 5:30 p.m. in the Administration Building unless otherwise specified.


2020-2021 Meeting Schedule

September 14, 2020

October 13, 2020

November 9, 2020


Audit Committee Minutes

November 9, 2020

In accordance with Governor Cuomo’s March 12th Executive Order No. 202.1, which temporarily suspended those sections of the Open Meetings Law requiring in-person access to public meetings, the meeting was closed to the public and held via teleconference. The meeting was convened at approximately 5:33 p.m. John Xanthis, Brad Conklin, Marianne Serratore, William Miller, Jacqueline Calarco and five members of the Audit Committee: Peter Sullivan, Thomas Jones, Joseph Bond, Sarah Messing and Katie McKnight were in attendance. Also in attendance was Bill Trainor from Nugent & Haeussler (Internal Auditors). Committee members Kelly Ann Kelly and John Revella were absent.

The Committee reviewed the minutes from the prior meeting (October 13, 2020). The minutes were approved unanimously 5-0-0.
The Committee then took up the focus of the Internal Audit for the 2020-2021 school year. Bill Trainor reviewed a few areas that have been a focus in recent years.  Peter Sullivan moved, Katie McKnight seconded that the focus of the 2020-2021 Internal Audit be on payroll. The motion was approved unanimously 5-0-0. Katie McKnight moved to adjourn and Sarah Messing seconded. The motion was approved 5-0-0 and the meeting was adjourned at approximately 5:55 p.m.


October 13, 2020

 

In accordance with Governor Cuomo’s March 12th Executive Order No. 202.1, which temporarily suspended those sections of the Open Meetings Law requiring in-person access to public meetings, the meeting was closed to the public and held via teleconference. The meeting was convened at approximately 5:32 p.m. John Xanthis, Brad Conklin, Marianne Serratore, Jacqueline Calarco and five members of the Audit Committee: Kelly Ann Kelly, Thomas Jones, Peter Sullivan, Joseph Bond and Katie McKnight were in attendance. Also in attendance was Alan Walther from The Bonadio
Group (External Auditors). Committee member John Revella was absent.

The Committee reviewed the minutes from the prior meeting (September 14, 2020). The minutes were approved unanimously 5-0-0.

Upon unanimous consent, the Committee entered into Executive Session to review the 2019-2020 External Audit.

Alan Walther from The Bonadio Group reviewed the relevant information from the audit and the management letter. Katie McKnight moved, Thomas Jones seconded that the External Audit be accepted and recommended for Board approval. The motion was approved unanimously 5-0-0.

Upon unanimous consent, the Committee came out of Executive Session.
Katie McKnight moved to adjourn and Peter Sullivan seconded. The motion was approved 5-0-0 and the meeting was adjourned at approximately 6:07 p.m.


September 14, 2020

In accordance with Governor Cuomo’s March 12th Executive Order No. 202.1, which temporarily suspended those sections of the Open Meetings Law requiring in-person access to public meetings, the meeting was closed to the public and held via teleconference. The meeting was convened at approximately 5:35 p.m. John Xanthis,
Brad Conklin, Marianne Serratore, Jacqueline Calarco and five members of the Audit Committee: Kelly Ann Kelly, Thomas Jones, Peter Sullivan, Joseph Bond and Katie McKnight were in attendance. Also in attendance was Jennifer Traverse from Nugent & Haeussler P.C. (Internal Auditors). Committee members John Revella and Art Fitzgerald were absent.
The Committee reviewed the minutes from the prior meeting (December 12, 2019). The minutes were approved unanimously 5-0-0.
Upon unanimous consent, the Committee entered into Executive Session to review the 2019-2020 Internal Audit.
Jennifer Traverse from Nugent & Haeussler reviewed the relevant information from the audit and the comments in the District’s response with the Committee. Katie McKnight moved, Thomas Jones seconded that the Internal Audit be accepted and recommended for Board approval. The motion was approved unanimously 5-0-0.
Upon unanimous consent, the Committee came out of Executive Session.
Katie McKnight moved to adjourn and Peter Sullivan seconded. The motion was approved 5-0-0 and the meeting was adjourned at approximately 6:00 p.m.


December 9, 2019

The meeting convened at approximately 5:00 p.m. in Board Room of the Valley Central School District. John Xanthis, Michael Bellarosa, Marianne Serratore, Brad Conklin, and three members of the Audit Committee, Peter Sullivan, Sarah Messing and Art Fitzgerald were in attendance. Also present were Mark Levy and Bill Trainor from Nugent & Haeussler, the District’s Internal Auditors.
The Committee reviewed the minutes from the October 7, 2019 and October 28, 2019 Committee meetings and the Claims Auditor Reports.
The Committee then took up the focus of the Internal Audit for the 2019-2020 school year. Mark Levy and Bill Trainor shared a few areas that have been a focus for the Comptroller in recent findings and discussed the District’s previous Internal Audit report. It was the consensus of the members of the committee in attendance to focus the upcoming Internal Audit on
procurement, including a review of the focus from last year – transportation administration and calculations.
There was not a quorum of the Audit Committee present, and therefore, no action took place.
The meeting was adjourned at approximately 5:30 p.m.
Minutes Approved: September 14, 2020