Question submitted February 26, 2025: 

As a WCSD taxpayer I have a few questions regarding the budget. How often is the WCSD budget audited? Who performs the audits? In past audits what percentages of the budget were found to fall into the category of Waste, Fraud & Abuse? Thank you.

Greg Prando

Response:  The District's financial activity is audited annually by a public accounting firm, as required by New York State.  The external audit firm was chosen based on a Request For Proposal (RFP) as performed every three years, awarded and approved by the Board of Education.  The external audit firm performs fieldwork based on materiality sampling, review of policy and internal controls that could detect fraud and/or abuse of funds, review of documents, and other on-site fieldwork related to financial records.  At the conclusion of the audit, a report is issued that provides an opinion on the financial statements as a whole.  The District’s financial statements have always received a favorable outcome with no material weaknesses in internal controls.