Sarasota County Schools
Agenda Item #31
Title
ACCEPTANCE OF THE FINANCIAL STATEMENT AND INDEPENDENT AUDITORS' REPORT ON THE SARASOTA COUNTY SCHOOL DISTRICT SCHOOL INTERNAL FUNDS (THE INTERNAL ACCOUNTS OF THE SARASOTA COUNTY SCHOOL BOARD) AS OF JUNE 30, 2006
Description
Natherson & Company, P.A. has completed the Financial Statement and Independent Auditors' Report on the Sarasota County School District School Internal Funds (The Internal Accounts of the Sarasota County School Board as of June 30, 2006.) Natherson & Company included two non-material reportable conditions in their audit report. The first reportable condition concerned the accounts receivable at the Sarasota County Technical Institute that primarily was a result of a new software program being implemented during the fiscal year being audited. Staff at SCTI was instructed to review the student accounts receivable records for accuracy. The second reportable condition recommended that school bookkeepers no longer be authorized as co-signers on school bank accounts. The checking accounts require two signatures (one must be the principal of the school). The Memorandum of Advisory Comments had three recommendations for the school internal funds.
Recommendation
That the Independent Auditors' Report on the Sarasota County School District Internal Funds as of June 30, 2006, be accepted as presented.
Contact
LEMPE & MONSON/WEIDNER
Financial Impact
N/A