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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Grand Island Central School District – Interfund Financial Activity (2016M-42)


Released: May 27, 2016 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to evaluate the interfund financial activity between the general, capital projects and special aid funds for the period July 1, 2010 through September 30, 2015.

Background

The Grand Island Central School District is located in the Town of Grand Island in Erie County. The District, which operates five schools with approximately 2,980 students, is governed by an elected seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $58.1 million.

Key Findings

  • District officials made adjusting journal entries that were unsupported, were untimely or that could not be explained.
  • The Assistant Superintendent did not ensure that each fund’s general ledger accounts were accurate, complete and up-to-date.

Key Recommendations

  • Ensure that journal entries are understood, supported and posted timely and accurately to the general ledger.
  • Periodically review each fund’s general ledger accounts to ensure that they are accurate, complete and up-to-date.

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