FREEHOLD TOWNSHIP – No recommendations for corrective action were made following the 2016-17 audit of the Freehold Township K-8 School District.
The Board of Education accepted the comprehensive annual financial report (audit) for the 2016-17 school year at a meeting on Dec. 19. The fiscal year covered by the audit ended on June 30.
In accordance with state law, the governing body of every municipality and school district must have an annual audit of its books, accounts and financial transactions. The school district’s audit was conducted by the firm of Jump, Perry and Company, Toms River.
Board members passed a resolution to accept the audit and acknowledged there were no recommendations arising from the firm’s review of the school district’s financial operations.
Board members certified to the state’s Local Finance Board that all members of the board reviewed, as a minimum, the sections of the audit entitled General Comments and Recommendations. Because no recommendations were made in the audit, no corrective action plan for 2016 or 2017 is required or necessary.