The Ministry of Education has stepped in to help Hastings Intermediate School's Board of Trustees "clarify their financial position".
However, the ministry said it had not appointed a commissioner.
The news comes as the long-serving chair of the school's board, Jeannette MacKenzie, resigned last week and follows the announcement in July of principal Andrew Shortcliffe leaving to take on the role of principal of Fairfield Intermediate in Hamilton, starting this month.
Ministry of Education acting head of sector enablement and support Susan Howan said the board had invited the ministry and the New Zealand School Trustees' Association to help them.
"They have indicated that they welcome the support we can provide, and we have not appointed a commissioner to run the school," she said.