The Audit Committee meets a minimum of four times per year, with additional meetings scheduled as necessary. Meetings are open to the public, and held in the District Office Board Room.
Next Meeting: Friday, Sept. 29, 8 a.m., District Office Board Room
The mission of the Niskayuna Central School District Audit Committee is to provide independent advice, assistance, and and recommendations to the board in the oversight of the internal and external audit functions of the district.
Three Board of Education members serve on the Audit Committee. In addition, the Audit Committee Charter was updated in June 2014 to include two community members who are not Board members. Audit Committee members, collectively, are required to possess the knowledge in accounting, auditing, financial reporting and school district finances needed to understand and evaluate the school district's financial statements, internal controls, the external audit and the internal audit activities.
Audit committee minutes and reports are generally accepted by the Board of Education and included as part of the official Board minutes. Audit Committee meeting documents will be posted here subsequent to their acceptance by the Board of Education.
September 25, 2015: Minutes
December 12, 2014: Minutes
March 24, 2015: Minutes Minutes
The district has engaged Marvin and Company to conduct the independent audit for the the fiscal year ending June 30, 2015. The engagement letter provides more information about this audit. 2015 Audit Engagement Letter [PDF]
Each year, in accordance with New York State regulations, an independent auditor conducts a review of the districts' financial statements. After the audit is completed, it is reviewed by the Audit Committee and accepted by the Board. This typically takes place in the fall. Once this process has concluded, the district provides the community with its financial statements and the narrative overview and analysis of the financial activities of the district for the prior year as represented by the report.