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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Holland Central School District – Financial Management (2015M-58)


Released: July 17, 2015 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to review the District’s financial management for the period July 1, 2009 through February 3, 2015.

Background

The Holland Central School District is located in the Towns of Holland, Colden, Wales, Sardinia, Concord and Aurora in Erie County and the Towns of Java and Sheldon in Wyoming County. The District is governed by the Board of Education, which is composed of seven elected members. The District operates two schools and a third school which is used only for the pool and athletic fields. The District’s appropriations for the 2014-15 year were $17.6 million.

Key Findings

  • District officials could not provide Board resolutions to demonstrate that four reserves were properly established.
  • We reviewed 93 project expenditures totaling $3,252,300 and found the purchases were generally within the project scope; however, District officials could not locate three invoices to support expenditures totaling $27,236 which appeared to be appropriate expenditures.

Key Recommendations

  • Develop and implement a comprehensive policy for establishing and using reserve funds.
  • Properly establish existing reserves requiring such authorization.
  • Ensure all original invoices are maintained to substantiate capital project 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