Northville SAS 114 post-audit ML combined final draft

Northville Public Schools Report to the Board of Education June 30, 2010 To the Board of Education Northville Public Schools We have recently completed our audit of the basic financial statements of Northville Public Schools (the “School District”) for the year ended June 30, 2010. In addition to our audit report, we are providing the following required audit communication, summary of unrecorded possible adjustments, recommendations, and informational comments which impact the School District: Page Results of the Audit 3-6 Other Recommendations 7 Post-Closing Entries 8 Information Technology Reviews 8 Special Revenue Fund Type 8 Informational Items 9 Budgeting Strategy in Difficult Financial Times 10 Fund Balance 10 State Aid Issues and Stabilization Funding 11-12 Future MSPERS Contribution Rate 12 Federal Grants Management Update 13-14 Upcoming Accounting Change 14-15 Pupil Accounting 15 1 To the Board of Education Northville Public Schools We would like to thank Millie Whitbeck, Mike Zopf, and the long-time assistance of John Street, as well as all of the business office staff for their assistance during the audit. We are grateful for the opportunity to be of service to Northville Public Schools. Should you have any questions regarding the comments in this report, please do not hesitate to call. August 23, 2010 2 August 23, 2010 To the ...