Friday, October 22, 2010

Auditors Share Findings with Board

The Bennett Kielson Storch DeSantis Division of O'Connor Davies Munns & Dobbins llp, the district's external auditors, presented their annual findings to the Bronxville Board of Education. Susan Barossi and Brian Kenneally prepared the financial statement and made the report. Key findings included:

  • An unqualified opinion on financial statements
  • No material errors, frauds, or illegal acts were identified
  • No deficiencies in internal control were identified
  • No disagreements with management.

Chris Atayan, chairman of the audit committee, called attention to post-retirement benefits, including a $24 million obligation that will be paid out over thirty years. The Board accepted the report unanimously, and the presentation appears below.