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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Washingtonville Central School District – Reserve Funds (2014M-45)


Released: June 6, 2014 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to examine the District’s management of reserve funds for the period of July 1, 2012 through October 29, 2013.

Background

The Washingtonville Central School District is located in the Town of Blooming Grove, including the Village of Washingtonville, and part of the Towns of Cornwall, Hamptonburgh and New Windsor in Orange County. The District operates five schools with approximately 4,300 students and is governed by an elected seven-member Board of Education. Budgeted general fund appropriations for the 2013-14 fiscal year are approximately $84 million.

Key Findings

  • The District has not implemented its reserve fund policy for the funding and use of reserves, and a detailed annual report of all reserve funds has not been prepared.
  • The Unemployment Insurance Reserve’s fund balance has not been used for unemployment expenditures.

Key Recommendations

  • Ensure that the reserve fund policy is implemented and that an annual report of reserve funds is prepared and submitted to the Board.
  • Determine if the Unemployment Insurance Reserve’s fund balance is reasonable and use any surplus amount to reduce real property taxes or finance one-time expenditures.

Local Government and School Accountability Contact Information:

Phone: (518) 474-4037; Email: localgov@osc.state.ny.us
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236