Each year Newton Public Schools experience staff turnover. Turnover can be a result of retirements, resignations, terminations, etc. The retirement of a tenured teacher can result in savings of $50,000. Although the number of retirements and resignations vary year-to-year, the district uses history to inform current projections. A negative account is budgeted annually, which represents the total expected savings from the various staff turnovers in the upcoming year. The district monitors the cost differential generated from staff turnover and expects to meet or exceed the budgeted savings. Annual Audits: The district’s largest grant fund is typically audited as part of the City’s Single Audit. In addition, the City’s current audit firm, CliftonLarsonAllen, also audits the school’s MA DESE End-of-Year Financial report. Lastly, the City’s audit firm will typically review one area within Newton Public Schools as a special project and provide recommendations for improvements. In the past, we have reviewed the Athletics revolving account, the Preschool program, and Newton Community Education. Currently, we are auditing the School Lunch program and the Special Education Medicaid Reimbursement Program. We provide a Management Response for any findings/recommendations of the Auditor's report with our improvement plan.
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