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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Levittown Union Free School District – Reserve Funds and Extra-Classroom Activity Fund (2016M-174)


Released: July 22, 2016 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to review the District’s reserve funds and extra-classroom activity fund for the period July 1, 2014 through December 31, 2015.

Background

The Levittown Union Free School District is located in the Town of Hempstead in Nassau County. The District, which operates 11 schools with approximately 7,100 students, is governed by an elected seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year totaled approximately $201.8 million.

Key Findings

  • The Board and District officials did not appropriately establish and maintain reserve funds.
  • Extra-classroom activity club officials did not maintain adequate supporting documentation for cash collections totaling $38,377.

Key Recommendations

  • Ensure that reserve funds are governed by Board resolutions or policies that include the reasons why money is being set aside, financial objectives for the reserves, optimal funding levels and the conditions under which each reserve fund will be used.
  • Ensure that club officials issue press-numbered receipts or use some other method to document the source, date, amount, composition and purpose of cash collections.

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