Comptroller DiNapoli Releases School Audits
Targeted News Service |
"In an era of limited resources and increased accountability, it's critical that schools make every dollar count," DiNapoli said. "By auditing school district and charter school finances and operations, my office continues to provide taxpayers the assurance that their money is being spent appropriately and effectively."
Auditors found health insurance buyout payments and separation payments were accurate, in compliance with the terms of employee contracts and approved by the board.
The total balance of the district's reserves has increased from
District officials consistently overestimated budget appropriations and used more unexpended surplus funds than necessary to fund operations. The district incurred operating surpluses, some of which were transferred to reserves at the end of each fiscal year, resulting in real property taxes that were higher than necessary. Two reserve fund balances were in excess of the amounts needed for authorized purposes.
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