Goffstown schools hire new auditor year after unaccounted for millions found on the booksBy MELISSA PROULX
Union Leader Correspondent
February 21. 2018 10:39PM
GOFFSTOWN - A new firm will take over the annual audit of the school district's books after last year's discovery that more than $10 million had been illegally retained by the district.
The SAU 19 school board approved a contract with Plodzik and Sanderson, P.A. of Concord to audit the 2017 and 2018 fiscal years. The firm has also been retained as an option for the 2019 fiscal year audit.
The district had used Angell & Co. as its annual auditor until two consultants from Municipal Resources, Inc. found they were uncomfortable signing off on the 2017 audit, according to SAU 19 Superintendent Brian Balke.
“What that means at this point is the audit is over,” he said.
Plodzik and Sanderson will begin its audit of the 2017 fiscal year next week.
“They're going to come in with a team of people and get it done,” said Balke.
The turn-around for the work is expected to be quick.
“The audit is supposed to be completed by March 31,” said Balke. “What we've got here is a struggle with timing.”
Once 2017 is complete, the preliminary audit of the 2018 fiscal year will begin in May and is expected to be completed by July or August and submitted to the state Department of Education in September.
The cost of the new firm's audit service will be $13,495 for the next two years, according to the superintendent.
“It is more expensive, but it is a good service and I would feel very comfortable with this,” Balke said.
Of the more than $10 million wrongly retained by the district last year, $9.1 million belongs to Goffstown and the remainder to New Boston, the other town in SAU 19.
The money will be returned to the towns at the end of the fiscal year in July to offset future tax rate increases.