Board of Education Audit Committee

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.

To learn more about the specific duties of the committee, please view the Audit Committee Policy and the Audit Committee Charter.

Audit Committee Meetings

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. As meetings are scheduled, they are posted on the Board of Education schedule and the district calendar.

Audit Committee Members

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.

Current members of the Audit Committee are Board members Jack Calareso (chair) and Jennifer Zhao and community members Jackie Martin and Frank Ferucci.

Audit Committee Meeting Documents & Minutes

Audit committee minutes and reports are generally accepted by the Board of Education. Audit Committee meeting documents will be posted here subsequent to their acceptance by the Board of Education. The audited financial statements for the previous three years are provided at the bottom of this page.

September 29, 2017: Sept. 29 Meeting Minutes | Internal Claims Auditor Report

June 6, 2017: June 6 Meeting Minutes

May 26, 2017: May 26 Meeting Minutes | May 26 Internal Claims Auditor Report

Sept. 23, 2016: Sept. 23 Meeting Minutes

Nov. 13, 2015: Nov. 13 Meeting Minutes | Nov. 13 Internal Claims Auditor Report

If you are unable to access the documents above or financial statements below,  please contact communications@niskyschools.org. and arrangements will be made to send them via e-mail or provide you with a printed copy.

New York State Comptroller Audit of Capital Improvement Fund – September 2019

From late 2018 through early 2019, auditors from the Office of the New York State Comptroller examined practices related to the establishment and fiscal oversight of a district capital project for the period from July 1, 2016, through February 28, 2019. The auditors determined that district officials properly established, monitored and accounted for the capital project and the audit resulted in no recommendations. The financial review was one of the periodic audits that the Office of the State Comptroller conducts of all school districts and localities across the state. Access the full audit report on the website of the Office of the New York State Comptroller

Niskayuna CSD Audited Financial Statements

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.