NOTICE OF AUDIT

OF THE FISCAL AFFAIRS OF THE WOONSOCKET SCHOOL DISTRICT NO. 55-4

Notice is hereby given that the Woonsocket School District No. 55-4, Sanborn County, South Dakota, has been audited by Schoenfish & Co., Inc. Certified Public Accountants,  Parkston, South Dakota, for the year ended June 30, 2012. A detailed report thereon is available for public inspection, during normal business hours, at the business office of the School District, and also available at the Department of Legislative Audit in Pierre, South Dakota or on the Department of Legislative Audit Web site at http://www.state.sd.us/legislativeaudit/Reports/reports_all.htm.
The following finding and recommendation provides a brief description of material weaknesses in internal control, legal noncompliance and other matters that are described in more detail in the audit report.
Finding:
The School District borrowed money on a promissory note with terms contrary to state statute. This is the fourth consecutive audit in which a similar deficiency has occurred.
Recommendation:
We recommend that borrowings of the School District be limited to the terms of state statute.
The report contains the auditor’s findings and recommendations concerning less significant deficiencies in internal control at the School District.
s/s SCHOENFISH & CO., INC., CPA’S

Comments are closed.

  • Weather

    Woonsocket
    July 27, 2021, 9:24 am
    Mostly sunny
    77°F
    real feel: 88°F
    humidity: 89%
    wind speed: 2 mph SW
    wind gusts: 7 mph
     
  • Upcoming Events

    July 2021
    Sunday Monday Tuesday Wednesday Thursday Friday Saturday
    June 27, 2021 June 28, 2021 June 29, 2021 June 30, 2021 July 1, 2021 July 2, 2021 July 3, 2021
    July 4, 2021 July 5, 2021 July 6, 2021 July 7, 2021 July 8, 2021 July 9, 2021 July 10, 2021
    July 11, 2021 July 12, 2021 July 13, 2021 July 14, 2021 July 15, 2021 July 16, 2021 July 17, 2021
    July 18, 2021 July 19, 2021 July 20, 2021 July 21, 2021 July 22, 2021 July 23, 2021 July 24, 2021
    July 25, 2021 July 26, 2021 July 27, 2021 July 28, 2021 July 29, 2021 July 30, 2021 July 31, 2021
  • Recent Posts

  • Contact Us

    Ph/Fax: 605.796.4221
    Email: swj4221@icloud.com

    PO BOX 218
    Woonsocket, SD 57385
  • Archives