BYRON-BERGEN CENTRAL SCHOOL DISTRICT

EXTRACLASSROOM ACTIVITY

JUNE 30, 2019

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, 2019, 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 $247,714.

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, 2019, 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.

October 3, 2019

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BYRON-BERGEN CENTRAL SCHOOL DISTRICT EXTRACLASSROOM ACTIVITY

Statement of Cash Receipts and Disbursements

For the year ended June 30, 2019

July 1, 2018	Receipts	Disbursements	June 30, 2019

Junior/Senior High School: Class Clubs:
2016	$ 2018
2019 2020 2021 2022 2023
Apiary Club Baseball Club BB Ink Club
Boys Basketball Club Boys Soccer Club Cheerleading Club Cross Country 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	$ -
3,374 1,245 1,898 1,795 1,686 5,016 2,212 120 253 4,155 91
-1,784 1,391 227 138 170 304 580 1,172 451 491 558
16,882 4,077 407 862 1,803 300 158 1,082 1,493 699 1,115
61,040	$

-	$ 21
10,364 5,399 116 271 3,325 1,104 1,617 2 11,276 4,737 2 2,844 7,468 395
4 2,941 3
893 68 20 24 9 10
10,199 3,123 507 145 4,818 5
63 2,484 557 12 2,334
77,160	$

3,051     $                                -21                                       -13,738                                       -2,931                              3,713 -                              2,014
166                              1,900 2,796                              2,215 2,303                              3,817 2,116                              1,713 -                                 122 9,925                              1,604 4,571                              4,321 -                                   93 2,019                                 825 5,898                              3,354 -                              1,786
-                                 231 3,079                                       --                                 173
643                                 554 560                                   88 -                              1,192
-                                 475 27                                 473 -                                 568
12,983	14,098 497                              6,703 329                                 585
26                                 981 6,444                                 177 -                                 305
87                                 134 2,641                                 925 141                              1,909
-                                 711 2,639                                 810 79,631     $                     58,569

See accompanying notes.	3

BYRON-BERGEN CENTRAL SCHOOL DISTRICT EXTRACLASSROOM ACTIVITY

Statement of Cash Receipts and Disbursements (continued)

For the year ended June 30, 2019

Elementary School: Class Clubs:
2024 2025 2026
Elementary Council Yearbook Club

July 1, 2018

$		-	$ 8,543
-22,187 57
$	30,787     $

Receipts

2,288 68,278 78,165 17,637 4,186 170,554

Disbursements

$	 1,574 76,821 78,034 13,580
4,062 $	174,071

June 30, 2019

$                           714 -
131 26,244 181
$	27,270

$	91,827     $	247,714     $	253,702     $	85,839

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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