By Christine Sampson
The Sag Harbor School District has received an unmodified opinion, the best rating it can get, from its outside auditing firm.
Alexandria M. Battaglia of the firm R.S. Abrams and Co. delivered the news during Monday’s school board meeting, telling the board the auditors found “no material weaknesses” and just two very minor issues during the process.
According to a summary of the audit provided by the school district, one issue was the district did not require employees to change network and email passwords on a regular basis. The other issue was the identification of two instances where sales tax was not paid on applicable purchases related to “extraclassroom accounts,” which refers to monies belonging to clubs and activities.
Otherwise, the auditors confirmed Sag Harbor’s fund balance — or the unspent monies the district has left over after a school year is over — is within the limits established by the state, which is 4 percent of the following year’s budget. That figure is currently $1,596,281.
“I’m happy to see the district is funding reserves, utilizing and appropriating reserves and incorporating them into the budget,” Ms. Battaglia said.
She also said the firm is pleased to see the district is “revisiting the long term plan and changing that as they move forward.”