2019 NY State Comptroller Audit

Click here to read the full report (PDF).

Report Highlights

Audit Objective

Determine whether the Board and District officials effectively managed general fund balances.

Key Findings

  • Unrestricted fund balance totaled approximately $2 million on June 30, 2018, or 58.6 percent of the ensuing year’s budgeted appropriations and exceeded the statutory limit by 54.6 to 73.4 percentage points from 2015-16 through 2017-18.
  • The District’s budgeting practices included appropriating fund balance not needed to fund operations and adopting budgets that overestimated appropriations by a total of more than $911,000 (11 percent) from 2015-16 through 2017-18.
  • District officials failed to take corrective action to our prior report that pointed out the excess accumulation of fund balance.

Key Recommendations

  • Develop a plan to reduce the amount of unrestricted fund balance to the legal limit.
  • Adopt realistic annual budgets based on historical or other known trends.

District officials disagreed with certain aspects of our findings and recommendations. Appendix B includes our comments on issues raised in the District’s response letter.

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