CLARKSTOWN CENTRAL SCHOOL DISTRICT

EXTRACLASSROOM ACTIVITY FUNDS

FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT

FOR THE FISCAL YEAR ENDED JUNE 30, 2017

CLARKSTOWN CENTRAL SCHOOL DISTRICT

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT AND FINANCIAL STATEMENTS

Independent Auditor's Report

Statements of Cash Receipts and Disbursements For the Fiscal Year Ended June 30, 2017

Note to Financial Statements

Page Number

1- 5

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I ~~~ R.S. ABRAMS 8c CO., LLP ~ A Accountants & Consultants for Over 75 years

INDEPENDENT AUDITOR'S REPORT

To the Board of Education of the Clarkstown Central School District New City, New York

Robert S. Abrams (1926-2014)

Marianne E. Van Duyne, CPA Alexandria M. Battaglia, CPA

We have audited the accompanying financial statements of Clarkstown Central School District's Extraclassroom Activity Funds, as of and for the fiscal year ended June 30, 2017, and the related note to the financial statements.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with the cash basis of accounting described in Note I; this includes detennining that the cash basis of accounting is an acceptable basis for the preparation of the financial statements 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 error or fraud.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements 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 statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, 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 statements 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 statements.

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

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Basis for Qualified Opinion

Controls over cash receipts are not sufficient to enable us to extend our audit procedures beyond the receipts recorded. Accordingly, we were unable to form an opinion with respect to completeness of cash receipts.

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, cash disbursements and cash balances of the Extraclassroom Activity Funds of the Clarkstown Central School District as of June 30, 2017 and for the year then ended, in accordance with the basis of accounting as described in Note 1.

Basis of Accounting

We draw attention to Note 1 of the financial statements, which describes the basis of accounting. The financial statements are 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.

R.S. Abrams & Co., LLP Islandia, New York September 25, 2017

CLARKSTOWN HIGH SCHOOL NORTH EXTRACLASSROOM ACTIVITY FUNDS

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2017

Balance Balance Extraclassroom Account Jul,l 1, 2016 Receiets Disbursements June 30, 2017

Animal Rights Club $ 170 $ 63 $ s 233 Art Club I 67 5 63 Art Exhibits 47 47 Art Honor Society 1,369 1,524 l,129 1,764 Asian Cultural Society I0,786 864 I IO 11,540 Autism Awareness Club 506 506 Bond Club 1,813 870 2,683 Boys & Girls Sports 5,129 10,792 I0,778 5,143 Chcerlcading 1,189 1,189 Class of2016 2,810 2,810 Closs of 2017 4,491 52,886 57,377 Class of2018 8,005 41,445 32,845 16,605 Closs of 20 l 9 3,320 1,709 1,465 3,564 Closs of 2020 3,425 3,425 Cuc N' Curtain 1,243 34,224 31,398 4,069 Dance Team 1,172 215 459 928 DECA Business Club 173 4,390 4,462 IOI Joe Depasquale Special Fund 1,496 1,496 Desafio 121 156 216 61 Fred Gabler Memorial Fund (25) 100 75 Flying Fingers 374 374 French Club 90 145 48 187 Future Nurses 592 608 932 268 General Organi1.ation Fund 28,630 47,333 49,634 26,329 Girls Lax Club 5,351 2,014 5,838 1,527 Gay Straight Alliance 138 138 Heart Club 18 18 Helping Little Hands 41 583 172 452 Homecoming 2,000 595 2,595 HOPE 4IO 410 Interact 1,629 1,629 Italian Club 2,099 702 2,801 Japanese Club 2,252 9 400 1,861 Kinder North 2,249 5,857 8,106 Mu Alpha Thetn 2,900 1,427 1,512 2,815 National Honor Society 6,489 4,606 2,688 8,407 Project Enrich 416 416 Rampagers 203 203 Ram Jammers 7 13,146 13,038 115 Red Cross Club 328 3 331 Robotics Club 23,680 22,863 817 Rock and Roll Club 899 1,599 1,035 1,463 Sago 8,585 6,102 10,368 4,319 SAM Club 803 1,165 1,968

Bolnncc Carried Forward $ 110,319 s 262,304 $ 269,838 $ 102,785

Sec Accompanying Note to Financial Statement

CLARKSTOWN HIGH SCHOOL NORTH EXTRACLASSROOM ACTIVITY FUNDS

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 1017

Balance Balance Extraclassroom Account Jul2'. 1, 1016 Rccelj!ts Disbursements June 30, 1017

Balance Carried Forward $ 110,319 $ 262,304 $ 269,838 $ 102,785

Science Club 890 6,212 7,102 Softball Club (2) 2 Spanish Club 281 281 Social Studies Club 21,220 868 22,088 Student Council 9,774 1,752 140 11,386 Teacher Apprentice Program 26 26 TV Club 192 192 Wrestling 50 50

Total Clarkstown Migh School North s 142,750 $ 271,138 $ 299,410 s 114,478

2 Sec Accompanying Nole lo Financial Statement

CLARKSTOWN HIGH SCHOOL SOUTH EXTRACLASSROOM ACTIVITY FUNDS

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2017

Balance Balance Extraclassroom Account Jul2'. I, 2016 Receil!ts Disbursements June 30, 2017

Assets Leadership $ 2,040 $ 7,784 $ 8,064 $ 1,760 Bowling 2,457 5,520 5,228 2,749 Boys Basketball 612 612 Center Stage Drama Club 5,001 28,912 18,365 15,548 Class of 2016 3,388 3,388 Class of2017 15,966 52,319 68,285

Class of 2018 9,343 27,607 22,505 14,445 Class of 2019 5,555 2,531 2,195 5,891 Class of2020 5,789 5,789 Crew 32 32 Cultural Club 616 1,001 1,000 617 Current Events 265 265 DECA Business Club 10,959 40,888 46,527 5,320 Expressions 477 I 124 354 Field Hockey 4,397 7,080 10,861 616 General Organization Fund 2,819 2,775 1,994 3,600 Girls Basketball 756 9,586 9,478 864 Girls Varsity Lacrosse 47 1,592 1,639 Girls Varsity Volleyball 5,442 19,352 17,342 7,452 Girls Varsity Softball 453 9,434 8,961 926 Hall of Fame 7,451 7,451 Honor Society 5,108 7,425 5,579 6,954 Interact 644 102 117 629 Invisible Children 299 299 Junior States of America 3,760 16,585 13,898 6,447 Mock Trial Club 424 250 174 Mu Alpha Theta 12,570 2,446 1,517 13,499 Parking Decals 150 634 784 Regions 3 DECA Business Club 5,552 6,375 5,926 6,001 Students Assisting Meals on Wheels 1,554 l,554 Science Research Club l,740 1,740 South Athletics 1,457 3,541 2,763 2,235 Southside Dance 537 537 Spirit 224 224 Students Against Drunk Driving 14 14

Balance Carried Forward $ 111,148 $ 260,240 $ 265,527 $ 105,861

3 See Accompanying Note to Financial Statement

CLARKSTOWN HIGH SCHOOL SOUTH EXTRACLASSROOM ACTIVITY FUNDS

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS FOR THE FISCAL VEAR ENDED JUNE 30, 2017

Balance Balance Extraclassroom Account Jutr J, 2016 Receiets Disbursements June 30, 2017

Balance Carried Forward $ 111,148 $ 260,240 $ 265,527 $ 105,861

Student Activity Fund 512 16,019 14,762 1,769 Track 18,520 30,792 31,522 17,790 Tri M Music 3,671 2,567 2,344 3,894 Troubadours 651 657 Technology Students Association 366 365 TV Studio 8,968 400 743 8,625 United Way of Rockland 10 10 United Services Organization 1,160 136 852 444 Viking Store 17,406 173,959 157,779 33,586 World Travel Club 529 0 472 57 Wrestling 1,569 1,500 2,057 1,012 Yearbook 21,543 3,960 25,503 Youth Against Cancer 1,780 6,505 4,669 3,616

Total Clarkstown High School South $ 187,839 $ 496,078 $ 506,241 $ 177,676

4 See Accompanying Note to Financial Statement

FELIX FESTA MIDDLE SCHOOL EXTRACLASSROOM ACTIVITY FUNDS

STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS FOR THE FISCAL VEAR ENDED JUNE 30, 2017

Balance Balance Extraclassroom Account Jul~ 1,2016 Receil!ts Disbursements June 30, 2017

Class of2023 $ $ 5,008 $ $ 5,008 Class of2022 1,703 3,608 125 5,186 Class of2021 7,165 10,640 12,720 5,085 Class of 2020 6,044 6,044 Drama Club 4,875 33,608 29,176 9,307 Chain Links Club 3,081 8,544 9,693 1,932 Students Against Drunk Driving 149 813 892 70 General Fund 744 665 747 662 G.O. Store 854 554 1,408 Magazine Club 300 300 Math Counts 142 200 342 Memory Book 7,366 3,085 10,451 Sales Tax Payable 810 1,437 1,162 1,085

Total Felix Festa Middle School $ 32,933 $ 68,462 $ 73,060 $ 28,335

Total All Schools $ 363,522 $ 835,678 $ 878,711 $ 320,489

5

See Accompanying Note to Financial Statement

CLARKSTOWN CENTRAL SCHOOL DISTRICT EXTRACLASSROOM ACTIVITY FUNDS

NOTE TO FINANCIAL STATEMENTS JUNE 30, 2017

I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. Financial Reporting Entity

The extraclassroom activity funds represent funds of the students of the Clarkstown Central School District (the "District"). Although the extraclassroom activity funds are independent of the District with respect to its financial transactions and the designation of student management, the Board of Education exercises general oversight of these funds. Based on this criterion, the extraclassroom activity funds are included in the Districts reporting entity. The District reports these assets held by it as agent for the extraclassroom organizations in an agency fund in the Statement of Fiduciary Net Position - Fiduciary Fund.

B. Basis of Accounting

The accounts of the extra classroom activity funds are maintained on a cash basis, and the statement of cash receipts and disbursements reflects only cash received and disbursed. Therefore, receivables and payables, inventory, long-lived assets, and accrued income and expenses, which would be recognized under accounting principles generally accepted in the United States of America, and which may be material in amount, are not recognized in the accompanying financial statements.

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