Audit uncovers no issues with Freehold Borough school financial records
Audit uncovers no issues with Freehold Borough school financial records
FREEHOLD – No recommendations for corrective action were made following the most recent audit of the Freehold Borough K-8 School District’s finances and financial record keeping.
The Board of Education accepted a comprehensive annual financial report (audit) for the 2019-20 school year during a meeting on Feb. 16. The fiscal year covered by the audit ended on June 30, 2020.
In accordance with state law, the governing body of every municipality and school district must conduct an annual audit of its books, accounts and financial transactions. The school district’s audit was conducted by Samuel Klein and Company.