MONTVILLE, NJ – As part of the district’s comprehensive annual financial report, an audit is conducted, examining the transactions that occurred over the course of the year, District Administrator Katine Slunt reported at the March 5 Montville Township Public Schools Board of Education meeting. The audit was delayed due to “issues with the state,” Slunt said, but was conducted independently by Robert Haag of Lerch, Vinci & Higgins. Haag said at the meeting that the year ending June 30, 2018 generated “a very positive report.”
Haag said the district had a $2.4 million surplus, which is right at the two percent cap allowed by the state. A minor housekeeping issue was found in the form of some bank accounts that should be closed, he said. He called the district “financially pretty healthy in its reserves.”
Board President Charles Grau thanked the business staff for all of its efforts, resulting in the very simple and small housekeeping comment.
A tentative budget will be presented at the March 19 meeting, followed by submission to the county for approval on March 20, Slunt said. The full public hearing is on April 30. Both meetings are at 7:30 p.m. at the Municipal Building.
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