Making District Financial Oversight Easier

By Charles K. Trainor

Help Wanted: School board member with experience in policy development and administrative team evaluation. Must be knowledgeable regarding quality education and sport programs and possess strong communication skills. Experience regarding labor contract analysis and mediation skills a plus. Responsibilities include oversight of finances and compliance with local, state, and federal laws and regulations. Must be fiscally conservative. Salary: $0 per annum. Fringe benefits: None. Start date: ASAP.

Not every volunteer comes fully equipped with the expertise necessary to be effective. Nevertheless, the job’s demands and responsibilities are reflected in each school board meeting agenda. How can board members access the knowledge and resources they need on a regular basis?

Your board may want to use an audit committee to enhance its oversight capabilities. When additional expertise is required, a properly structured audit committee can assemble the requisite talent. Such a committee can take a holistic view of all district operations and assist you in identifying and monitoring risks and trends that could prevent the district from achieving its mission.

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