Pioneer is following sound fiscal practices with regard to risk assessment, an audit representative told the Board of Education December 21.
Carl Widmer, CPA, a partner at Drescher & Malecki, shared findings and recommendations from his firm's annual risk assessment report. The report is based on the current fiscal year.
The firm tested 13 areas of fiscal operations:
- Budget and Budget Monitoring
- Buildings and Grounds
- Capital Assets
- Cash Receipts, Revenue, and Receivables
- District Policies and Procedures
- Food Service
- Information Technology
- Payroll and Personnel
- Purchasing, Accounts Payable and Disbursements
Each area is assigned an impact level (minor, moderate or significant) and a likelihood (low, medium and high).
Mr. Widmer had recommendations for Athletics related to a transfer of knowledge to backup staff related to roles and responsibilities, as well as implementation of a system for tagging equipment used by students and handling of cash receipts.
With regard to Cash Receipts, Revenue and Receivables, the report called for cross-training an employee to act as a back-up bank reconciliation preparer.
Other areas tested yielded no further recommendations.
In accordance with state education law, Pioneer will draft a response to the audit findings.
Agenda for 12-21-21