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School Committee Pushes for Urgent Financial Audit

June 16, 2024 | Freetown-Lakeville Regional School District, School Boards, Massachusetts


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School Committee Pushes for Urgent Financial Audit
In a recent government meeting, officials discussed the pressing need for a financial audit of the district, particularly as they prepare for the fiscal year 2025 (FY 25). The conversation was sparked by requests from local towns, emphasizing the importance of transparency and accountability in financial management.

The meeting began with a unanimous vote to acquire a generator, but quickly shifted focus to the audit discussion. Members expressed a strong consensus on the necessity of conducting an audit, with suggestions on whether to utilize the current auditing firm, Lynch and Marini, or to seek a third-party auditor. Concerns were raised about the delays in the current audit process, attributed to insufficient information from the interim director, which has left the FY 23 audit incomplete as they approach FY 25.

Carlos Lopes, a member of the Freetown select board, advocated for hiring an external auditor, arguing that a fresh perspective would benefit the district, especially given the ongoing delays. He emphasized the importance of having an independent set of eyes to ensure thoroughness and credibility in the audit process.

Leah Fabian, a Lakeville select board member, echoed this sentiment, suggesting that the towns should collaborate with experienced financial professionals to define the audit's scope. She proposed that the regional finance subcommittee facilitate discussions to ensure representation from both towns and the school committee.

The meeting concluded with a call for further exploration of the audit's scope and potential costs, with estimates suggesting a third-party audit could cost around $35,000, to be shared between the towns. Participants agreed on the need for a comprehensive approach to the audit, with plans to reconvene for further discussions on the matter.

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