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Light at end of tunnel for audit?

WINSTED — The Winchester School District has hired a certified public accountant (CPA) to help complete a long overdue audit of fiscal 2009-10.The audit is more than a year overdue and is on its seventh extension with the state.At a special meeting of the Board of Education on Thursday, Aug. 11, school district Business Manager Paul Petit said the district has hired CPA Joanne Zatarain, who is currently an employee with the East Hartford Public School system, to help complete the audit.“We have no excuse for how late our audit is,” Petit told the members of the Board of Education at the meeting. “Essentially, the exchanges we have had between the town’s auditor [Vanessa Rossitto of Blum Shapiro] and the district seemed like reasonable exchanges. But these exchanges should have happened last fall.”According to a report given by Petit, Zatarain examined the school district’s fiscal 2009-10 end of the year financial reports.Zatarain reported to Petit that the payroll, accounts payable and revenue reports given to the Board of Education and the town all match up with each other.However, Zatarain discovered that in the school district’s journal entries for fiscal 2009-10, an unknown variance had occurred relating to American Recovery and Reinvestment Act (ARRA) grant expenditures.The amount that Zatarain calculated for the variance is $46,420.05, but Petit said the amount of the variance may change after further investigation.Petit said that once the variance is closed out it would be posted as a credit to the Board of Education’s expenditure line.“This is a process of elimination,” Petit told the board.“Why didn’t [Superintendent of Schools Blaise Salerno] hire a CPA a long time ago instead of asking for all of these extensions?” board member Carol Palomba asked. “This is a case of woulda, coulda and shoulda.”“I’ll take responsibility,” Petit said. “In hindsight, if I would have known that we still would have been discussing [the audit] on Aug. 11, I would have done this sooner.”

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