New York State’s Extraclassroom Activity Funds: What You Need to Know

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New York State’s Extraclassroom Activity Funds:
What You Need to Know

By Jennifer Clark, Senior Manager

While extraclassroom activity funds is an area that represents a small percentage of most school district’s financial activity and over which the business office has little control, these funds pose one of the greatest risks of fraud and negative reputational publicity for the school district. Following is a summary of findings reported by the Office of the New York State Comptroller when auditing extraclassroom activity funds and, more importantly, our proposed steps to protect your school district.

Contact Us

PKF O’Connor Davies provides accounting, auditing and consulting services to a wide variety of municipal entities, including counties, cities, towns, villages, school districts and fire districts. For more  information on rules and regulations associated with common extraclassroom activity funds or other municipal entity topics, please contact the partner in charge of your engagement or a member of the Firm’s Public Sector Division, including:
 

Jennifer Clark, CPA
Senior Manager
631.299.3476 | [email protected]
 

Jeffrey C. Shaver, CPA
Partner
914.421.5639 | [email protected]

Our Firm provides the information in this e-newsletter for general guidance only, and it does not constitute the provision of legal advice, tax advice, accounting services, or professional consulting of any kind.

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