Showing posts with label audit and finance committee. Show all posts
Showing posts with label audit and finance committee. Show all posts

Friday, April 6, 2018

It's Baaack!

Another wonderful change with this new school board! The Audit and Finance Committee is back again! I just love this new board!

AUDIT & FINANCE COMMITTEE
Hugh Beal, Chair
Al Frioni
Elaine Cappucci

The Audit & Finance Committee of the Board of School Directors will hold a meeting on Monday, April 23 2018, at 7:00 p.m. in Room D205, Mt. Lebanon School District.

Wednesday, February 28, 2018

More good news heard at Monday's school board meeting

Hugh Beal announced at Monday's school board meeting that there is a Request For Proposal (RFP) for new auditors. Maher Duessel has been the school district's auditors for over twenty-five years! Maher Duessel is also the municipality's auditor. Do a search for Maher Duessel on Lebo Citizens and you will find these posts. https://lebocitizens.blogspot.com/search?q=maher+duessel

There have been many Mt. Lebanon residents who have objected to having the same outside auditor year after year. Yet Jan Klein, Tim Steinhauer, Mary Birks, Elaine Cappucci, Jo Posti, and others were very defensive when it was brought up. How could Maher Duessel have NO FINDINGS OR ISSUES TO REPORT with the Capital Campaign? See School Board is pulling a whopper!

For years, former school board presidents have humiliated residents at school board meetings when we would question the Century of Excellence Campaign or outside auditors or even Mt. Lebanon School District's business director.

As far back as eight years ago, when I first started following local affairs, I remember this post from the two meanies bloggers from Real Lebo, Kristen Linfante and Elaine Labalme.  http://www.reallebo.com/2010/02/school-district-budget-numbers-mocked.html

In addition to this good news, there appears to be interest in resurrecting the Audit and Finance Committee. You can see Elaine Cappucci questioning Hugh Beal through clenched teeth about this at Monday's meeting. Clearly, she was not happy with this idea. I believe it was Josephine Posti who disbanded this committee. At that time, when we questioned that move, we were publicly reprimanded for doing so.

Bravo School Board!

Friday, November 4, 2011

$750,000 in losses uncovered in Montour audit

I wonder if they had an audit and finance committee.
A special audit of the Montour business office has found a range of potentially criminal problems that cost the school district at least $750,000 over a seven-year period.
Pittsburgh accounting firm Schneider Downs Co. Inc. investigated the finance department under its former director, Samuel Reichl III, and identified "numerous shortcomings that one would not expect to find in a business office that was being run in an efficient and professional manner."


Read more: http://www.post-gazette.com/pg/11307/1186992-57-0.stm

Sunday, October 2, 2011

Reassessment Talk

At a recent school board meeting, Jan Klein was explaining the ramifications of the reassessment.  There are anti-windfall provisions that are built into the reassessment process so that school districts cannot gain significantly from a simple reassessment.

James Fraasch made an excellent presentation on the subject at an Audit/Finance Committee meeting.  He wrote about it on his blog.  Here is the link.
 
It is interesting how James had an entire page listing his sources. 

Sunday, August 7, 2011

Now that we have been downgraded...

Today's headlines on AOL (yes, I am still on AOL)
U.S. Credit Downgrade By S&P Darkens Economic Outlook, Stokes Recession Fears

This got me thinking.  What about Mt. Lebanon? Will this affect our Municipal and School District portfolios? According to School District Policy DFA/EPS/NSBA, the investment company is to be rated in the highest category by a nationally recognized rating agency. (S&P?)

I would ask the head of the Audit and Finance Committee this question, but that committee has been eliminated.  I would ask at the next Policy Committee meeting, but I see that the next one will be September 6, 2011 at 4:30 again.
Is it time yet to revisit this renovation? According to the School Board, probably not.