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A Risk Assessment completed in May 2007 cited 38 recommendations, five of
which qualified as High Risk. A second assessment, completed January
2008 showed that full corrective action was taken on 22 of 38 items, with
partial corrective action on another 10 items. The most recent Risk Assessment
report was issued for Board of Education approval on April 8, 2008.
Twenty-seven items were cited, 12 of which have already been addressed through
the Business Office restructuring.
Areas of progress cited in the report
include:
Mandatory fiscal training for compliance with the states
5-point plan has been completed by all Board members A newly
established Audit Committee of the Board New financial management
software New leave accrual management software New
professional development software to track requirements for mandatory training
and to acquire and maintain certification/licensing information New
secure equipment for records maintenance Training for central
treasurers of extracurricular student accounts Training for staff
involved in purchasing procedures New Reserve Funding Committee of the
Board has been reviewing current and projected reserve fund goals and rationale
Changes in staffing and operations to the school lunch program in
order to reduce a deficit in that fund Redesigned job descriptions to
delineate segregation of duties in the Business Office Revised
procedures for cash deposits from sports events An IT disaster
recovery plan and an IT procedures manual Security enhancements in the
EXCEL funded capital project with no impact to taxpayers Time
certification procedures for grant-funded programs Improved inventory
review and fuel billing review procedures Annual in-person
distribution of checks and paystubs for employee verification purposes
We are pleased with the significant progress weve made thus far, said Dr.
Michelle Kavanaugh, Superintendent of Schools. With the ongoing
improvements we are making, and with the leadership of a committed Board of
Education and Director of Finance, we will continue our work to ensure fiscal
accountability and responsibility of the highest standard in the HF-L schools.
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