BYRON-BERGEN CENTRAL SCHOOL DISTRICT

EXTRACLASSROOM ACTIVITY

JUNE 30, 2018

INDEPENDENT AUDITORS’ REPORT

The Board of Education
Byron-Bergen Central School District

We have audited the accompanying statement of cash receipts and disbursements of Byron-Bergen Central School District (the District) Extraclassroom Activity for the year ended June 30, 2018, and the related notes to the financial statement.

Management’s Responsibility for the Financial Statement

Management is responsible for the preparation and fair presentation of this financial statement in accordance with the cash basis of accounting described in Note 1; this includes determining that the cash basis of accounting is an acceptable basis for the preparation of this financial statement in the circumstances. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on this financial statement based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statement.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion.

Basis for Qualified Opinion

Certain accounting records of Byron-Bergen Central School District Extraclassroom Activity accounts were not adequate for us to form an opinion regarding the completeness of cash receipts in the accompanying statement of cash receipts and disbursements stated at $212,096.

Qualified Opinion

In our opinion, except for the possible effects of the matter discussed in the Basis for Qualified Opinion paragraph, the financial statement referred to in the first paragraph presents fairly, in all material respects, the cash receipts and disbursements of Byron-Bergen Central School District Extraclassroom Activity for the year ended June 30, 2018, in accordance with the cash basis of accounting as described in Note 1.

Basis of Accounting

We draw attention to Note 1 of this financial statement, which describes the basis of accounting. This financial statement is prepared on the cash basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to that matter.

September 27, 2018

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BYRON-BERGEN CENTRAL SCHOOL DISTRICT Extraclassroom Activity

Statement of Cash Receipts and Disbursements

For the year ended June 30, 2018

Activities	July 1, 2017	Receipts	Disbursements	June 30, 2018

Junior/Senior High School: Class Clubs:
2016	$ 2017
2018 2019 2020 2021 2022 2023
Apiary Club Baseball Club BB Ink Club
Boys Basketball Club Boys Soccer Club Builders Club Cheerleading Club FFA Club
HS Drama Club Girls Basketball Club Girls Soccer Club Golf Club
Junior Honor Society Club Outdoor Adventure Club Robotics Club
Students Against Drunk Driving Club Senior Art Club
Senior Band Club Senior Chorale Club Senior Council Club
Senior Honor Society Club Ski Club
Softball Club Steppin Up Club HS Spanish Club Swimming Club Track & Field Club Volleyball Club Varsity Club
$

3,051 $ -
3,254 2,171 1,217 1,870 1,328 295 5,803 1,863 120 1,043 2,163 200 814
-1,112 422 138 170 766 394 474 451 529 1,383
11,834 4,725 440 1,367 -
674 156 1,466 1,324 699 992
54,708 $

$ 283
23,723 4,778 28
28 2,542 3,725 2,283 349

6,708 8,080

4,076 620 805 4,938

6,580 873

17,722 265 128 11,950 3,460 200 1,615 1,260 474

181 107,674 $

- $	3,051 283
26,977
3,575	3,374 -	1,245 -	1,898
2,075                   1,795 2,334                   1,686 3,070                   5,016 -                   2,212
-	120 7,498	253 6,088                   4,155
200
723                       91 2,292                   1,784 341                   1,391 1,000                      227 4,938                      138 -                      170
462                      304 6,394                      580 175                   1,172
-                      451 38                      491 825                      558
12,674                  16,882 913                   4,077 161                      407 12,455                      862 1,657                   1,803 574                      300 1,613                      158 1,644                   1,082 305                   1,493
-                      699 58                   1,115
101,342 $	61,040

See accompanying notes.	3

BYRON-BERGEN CENTRAL SCHOOL DISTRICT Extraclassroom Activity

Statement of Cash Receipts and Disbursements (continued)

For the year ended June 30, 2018

Activities	July 1, 2017	Receipts	Disbursements	June 30, 2018 Elementary School:
Class Clubs:

2024 2025
Elementary Council

Yearbook Club

$	11,559 $ -
15,343 -
26,902

27,631 $ 53,380 18,791
4,620

104,422

39,190 $                    -44,837                   8,543 11,947                  22,187 4,563                       57
100,537	30,787

$	81,610 $	212,096 $	201,879 $	91,827

See accompanying notes.	4

BYRON-BERGEN CENTRAL SCHOOL DISTRICT Extraclassroom Activity

Notes to Financial Statement

1. Summary of Significant Accounting Policies

Financial Reporting Entity

Extraclassroom Activity accounts are those operated by and for the students. Proceeds are voluntarily collected by students and are spent by them, as they deem appropriate under established guidelines. The cash balances of the Extraclassroom Activity accounts are included in the financial statements of Byron-Bergen Central School District (the District). These amounts are included in the Agency column of the Statement of Fiduciary Net Position.

Basis of Presentation

The District’s policy is to prepare the accompanying financial statement on the cash basis of accounting. Consequently, revenues are recognized when received rather than when earned, and expenses are recognized when cash is disbursed rather than when the obligation is incurred.

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