Condición de mindfulness complementada con un entorno de realidad virtual

As of the measurement date of June 30, 2020 2019 2018 2017 2016 2015

District's proportion of the net pension liability or asset n/a 0.016021% 0.016496% 0.016666% 0.017147% 0.016938%

District's proportionate share of the net pension asset (liability) n/a $ 416,225 $ 298,299 $ 126,682 $ (183,649) $ 1,759,304

District's covered-employee payroll n/a $ 2,674,153 $ 2,687,082 $ 2,641,084 $ 2,645,913 $ 2,544,295

District's proportionate share of the net pension liability or asset

as a percentage of its covered employee payroll n/a 15.56% 11.10% 4.80% -6.94% -69.15%

Plan fiduciary net position as a percentage of the

total pension asset (liability) n/a 102.17% 101.53% 100.66% 99.01% 110.46%

As of the measurement date of March 31, 2020 2019 2018 2017 2016 2015

District's proportion of the net pension (liability) 0.0029151% 0.0025410% 0.0024336% 0.0025679% 0.0027063% 0.0029017%

District's proportionate share of the net pension (liability) $ (771,941) $ (180,036) $ (78,544) $ (241,364) $ (434,361) $ (98,027)

District's covered-employee payroll $ 930,212 $ 882,940 $ 835,494 $ 831,866 $ 852,272 $ 994,897

District's proportionate share of the net pension (liability)

as a percentage of its covered employee payroll -82.99% -20.39% -9.40% -29.01% -50.97% -9.85%

Plan fiduciary net position as a percentage of the

total pension (liability) 86.39% 96.27% 98.24% 94.70% 90.70% 97.90%

New York State Teachers' Retirement System - Net Pension Asset (Liability)

New York State Local Employees' Retirement System - Net Pension (Liability)

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Members of American Institute of Certified Public Accountants Private Companies Practice Section

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH "GOVERNMENT AUDITING STANDARDS"

To the President and

Members of the Board of Education Belfast Central School District Belfast, New York

We have audited in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Belfast Central School District as of and for the year ended June 30, 2020, and the related notes to the financial statements, which collectively comprise Belfast Central School District’s basic financial statements and have issued our report thereon dated September 8, 2020.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered Belfast Central School District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Belfast Central School District’s internal control. Accordingly, we do not express an opinion on the effectiveness of Belfast Central School District’s internal control.

Our consideration of internal control over financial reporting was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control over financial reporting that might be significant deficiencies or material weaknesses and therefore, significant deficiencies or material weaknesses may exist that were not identified. However, as discussed below, we identified two deficiencies in internal control over financial reporting that we consider to be material weaknesses.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the District’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. We consider the deficiencies in the District’s internal control described in the accompanying schedule of findings and questioned costs as items II.A.2020-001 and II.A.2020-002 to be material weaknesses.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether Belfast Central School’s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed one instance of noncompliance or other matters that are required to be reported under Government Auditing Standards which is described in the accompanying schedule of findings and questioned costs as item II.B. 2020-003.

-50- Belfast Central School District’s Responses to Findings

Belfast Central School’s responses to the findings identified in our audit are described in the accompanying schedule of findings and questioned costs. Belfast Central School’s responses were not subjected to auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on them.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the result of that testing, and not provided an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

BUFFAMANTE WHIPPLE BUTTAFARO, P.C.

Olean, New York September 8, 2020

BELFAST CENTRAL SCHOOL DISTRICT