Financial Affairs Presentations

  • The Financial Affairs Committee meets on the first Tuesday of every month (except July).  At the Financial Affairs Committee, two board members who have been appointed co-chairs of the committee lead the meeting.  The meeting ordinarily provides information on a topic of interest which is generated in collaboration with the committee co-chairs.  The presentations from these meetings for the past year are posted below.

Recent Presentations

  • Financial Affairs Committee Presentation August 2019

    The CSD Financial Affairs committee met on Tuesday, August 6 at the Administration Building for presentations from CPA firm Maillie LLP partner Ed Furman, CPA, and principal Amanda Bernard, CPA, CFE, CMA. The pair provided the School Board with a review of the financial report for June 30, 2019, as well as a general overview of audit responsibilities and process, required audit communications and upcoming Government Accounting Standards Board (GASB) pronouncements.

    Furman presented a historical snapshot of the Government-Wide Financial Statements – Statement of Financial Position, and highlighted recent GASB pronouncements which require districts to carry an actuarial accounting of the district’s pension liability. Furman also presented a historical snapshot of the Government-Wide Financial Statements – Statement of Activities, which illustrates revenues and change in net position. Since 2014-15, the district has experienced a decrease of $8,109,272 in net position, which is largely attributed to the requirement of carrying the pension liability. He also highlighted the general and food service fund-level statements, capital assets and general obligation bonds and general fund budget versus actual. Ms. Bernard presented a number of slides which illustrated the audit process and responsibilities emphasizing the depth of testing on the Business Office’s internal controls. (view attached presentation for details)

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  • Financial Affairs Committee Presentation June 2019

    The June Financial Affairs Committee presentation is attached. Please view for complete details regarding the 2018-2019 budget status, 2019-2020 budget planning progress, and fund balance information.

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  • Financial Affairs Committee Presentation May 2019

    Attached presentation includes updates on the food services contract, breakfast pilot program, 2018-2019 budget update and the 2019-2020 budget status.

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  • Financial Affairs Committee Presentation April 2019

    Please see attached presentation for a status on the 2018-2019 budget as well as a status on the 2019-2020 budget planning timeline and priorities.

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  • Financial Affairs Committee Presentation March 2019

    2018-2019 budget update, first look at 2019-2020 budget objectives, priorities and PDE budget timeline

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