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6005 - Audit Committee

6005 - Audit Committee

The Chappaqua Board of Education recognizes the necessity for strong oversight of District financial operations in order to promote the fiscal integrity of the District. Accordingly, the Board shall appoint an Audit Committee to assist in the oversight of both internal and external audit functions.

The composition of the Audit Committee shall be determined annually by the Board of Education. The Committee shall be comprised as stated in the audit committee charter. The Assistant Superintendent for Business shall serve as the District Clerk pro-temp of the audit committee in the absence of the District Clerk.

The Board shall appoint one of its members to chair this committee annually. Employees of the District are prohibited from serving on the Audit Committee, although the Superintendent and Assistant Superintendent for Business may be invited to attend meetings.

The Audit Committee shall develop a formal, written charter describing its purpose, mission, duties, responsibilities and membership. The charter shall be annexed to the Board Policy as an exhibit. 

The Audit Committee oversees and implements the Board’s audit policies and related duties.

Responsibilities:

  • Assist in the oversight of the internal audit function, including reviewing the annual internal audit plan, audit results, and the implementation of recommendations.
  • Review and discuss with the external auditor any risk assessments of the District’s fiscal operations.
  • Review draft annual audit reports and management letters, and make recommendations to the Board regarding their acceptance.
  • Review any corrective action plans developed by the District and assist in overseeing their implementation.

The Audit Committee shall not participate in or be responsible for the day-to-day operations of the District or in the decisions that are the responsibility of the Superintendent of Schools, the Business Administrator, or any other District administrators. The Audit Committee must hold regularly scheduled meetings that are subject to the Open Meetings Law requirements and report on its activities at a regularly scheduled meeting of the Board of Education at least annually.

The Audit Committee shall be subject to the regulations of the Commissioner of Education.


Exhibit:

Reference:

  • Education Law 2116-C
  • 8 NYCCR 170.12(d)

Adopted by the Board of Education: May 9, 2006

Revised:
July 7, 2010
February 11, 2026