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Making it all add up

Business manager gives Westfield school board view of finances

December 5, 2012
By DIANE R. CHODAN (dchodan@observertoday.com) , Westfield Republican / Mayville Sentinel News

WESTFIELD - Business manager/district clerk Alan Holbrook tried to make understanding financial matters easier for the board of education.

Holbrook created documents he called a "cheat sheet" or an overview of financial information. He reviewed that with the board, explaining how the code numbers are used to identify different accounts. He also explained while at the last meeting the board heard from an external auditor, there are other audits the district does.

One is an internal audit, which includes risk assessment and an audit of a system that the audit committee chooses. In Westfield, there is also a claims auditor who looks at the payments that the district makes.

To read this entire article, visit www.observertoday.com/page/content.detail/id/578627/Westfield-Board-of-Education-gets-financial-lesson.html.

 
 

 

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