Audits of Local Governments and School Districts
Greater Amsterdam School District – Budget Review (B5-12-15)
Released: April 23, 2012 -- [read complete report - pdf]
Purpose of Audit
The purpose of our budget review was to determine whether the significant revenue and expenditure projections in the District’s tentative budget for the 2012-13 fiscal year are reasonable.
The Greater Amsterdam City School District, located in Montgomery County, issued debt totaling $6 million to liquidate the accumulated deficit in the District’s general fund as of June 30, 2001. Local Finance Law requires that all local governments that have been authorized to issue obligations to fund operating deficits submit their tentative budgets for the next fiscal year to the State Comptroller for review while the deficit obligations are outstanding.
- Based on the results of our review, we found the significant revenue and expenditure estimates in the proposed budget, to be reasonable.
- The District’s proposed budget includes a tax levy that is under the statutory limit by $212,173.
- There are no recommendations for this report.
Local Government and School Accountability Contact Information:
Phone: (518) 474-4037; Email: firstname.lastname@example.org
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236