Tracy addresses New Berg audit concerns on reserve fund transparency

During the recent Board of Education (BOE) regular meeting held on March 6, 2025, significant discussions emerged regarding the district's financial oversight and the importance of reserve funds. Tracy, a representative from the city of New Berg, raised concerns about the need for clearer communication to the public regarding reserve funds and their critical role in supporting various programs.

Tracy emphasized that reserve funds are essential, particularly in light of potential uncertainties surrounding grant funding. She pointed out that these funds are intended to support programs that may be at risk if grants do not materialize. This highlights a growing concern within the community about financial stability and the need for transparency in how these funds are managed.

Additionally, Tracy referenced a letter from Dr. Manning Campbell, which was published on the New Bergen Large City School District website in January 2023. This letter provided a thorough explanation of the audit findings, suggesting that the recent meeting did not present any new information but rather reiterated previous concerns about oversight and financial management.

A key point of confusion raised by Tracy was regarding the appointment of the treasurer and the oversight responsibilities of the board. She questioned the clarity of these roles, particularly in light of reported mathematical errors in financial documents. This inquiry underscores the importance of accountability within the district's financial operations and the need for clear governance structures.

Overall, the discussions at the meeting reflect a community eager for transparency and effective management of educational resources. As the board navigates these financial challenges, the implications for program funding and community trust remain significant. Moving forward, it will be crucial for the board to address these concerns and ensure that stakeholders are well-informed about the district's financial health and decision-making processes.