FRHSD in Good Financial Position, Auditors Say
Only one suggestion was made to the district in the 2012 Financial Report going forward.
The Freehold Regional High School District Board of Education approved the 2012’s Comprehensive Annual Financial Report at their meeting Monday. No improprieties were found against the district, but one suggestion was made. Robert Swisher, an auditor from Suplee, Clooney & Company, recommended that a detailed analysis of the balance in the payroll agency account be reconciled to the amount of deposit on a monthly basis. The payroll agency account keeps track of all salary deductions, such as garnishments and pensions. Swisher said that a detailed analysis of this account was not provided monthly, and it should be. Freehold Regional is one of the few school districts within the state of New Jersey that is capable of preparing the annual …
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cynicinmarlboro
11:55 am on Wednesday, December 12, 2012
The FRHSD's accounting practices are probably very good. It's what the board allows the administration to do with the money that has been questionable for years. more ›