Spencer-Van Etten Central School District – Financial Condition (2014M-233)

Issued Date
October 24, 2014

Purpose of Audit

The purpose of our audit was to examine the District’s financial activities for the period July 1, 2012 through April 22, 2014.

Background

The Spencer-Van Etten Central School District is located in the Towns of Baldwin, Chemung, Erin and Van Etten in Chemung County; the Town of Cayuta in Schuyler County; the Towns of Spencer, Barton and Tioga in Tioga County; and the Towns of Danby and Newfield in Tompkins County. The District, which is governed by an elected seven-member Board of Education, operates three schools with approximately 960 students. Budgeted appropriations for the 2014-15 fiscal year total approximately $20.5 million.

Key Findings

  • The Board has adopted budgets with reasonable estimates and has set aside sufficient reserves.
  • District officials have engaged in multiple cost-savings opportunities, reduced staffing, paid down debts and sought lower-cost health insurance.

Key Recommendations

  • There are no recommendations as a result of this audit.