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April 20, 2010




DiNapoli’s Office Completes School Audits

New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of the: South Country Central School District – Budget Review (Suffolk County); Patchogue-Medford Union Free School District – Budget Review (Suffolk County); Liberty Central School District – Budget Review (Sullivan County); Fabius-Pompey Central School District – Budget Review (Onondaga County); Chenango Valley Central School District – Budget Review (Chenango County); Beacon City School District – Budget Review (Dutchess County); and Campbell-Savona Central School District – Budget Review (Steuben County).

“My office’s audits of school districts and BOCES help schools improve their financial management practices,” DiNapoli said. “These audits are tools for schools to make sure proper policies and procedures are in place to protect taxpayer dollars and provide students with the best possible education.”

South Country Central School District – Budget Review
DiNapoli’s auditors found the significant revenue and expenditure projections in the tentative budget to be reasonable. The district budgeted $401,087 and $954,944 more than needed to satisfy the costs for Teachers Retirement System contributions and utilities, respectively. In addition, the district’s tentative 2010-11 budget document did not include any information as to actual year-to-date revenue and expenditure data and projected revenues and expenditures for the current fiscal year, as amended to date, to make the budget a more useful document. Furthermore, district officials did not take appropriate action to resolve two of the five recommendations contained in the budget review audit report issued in April 2009.

Patchogue-Medford Union Free School District – Budget Review
Auditors from DiNapoli’s Office found the significant revenue and expenditure projections in the proposed budget to be reasonable. The district projects that its undesignated fund balance at June 30, 2010 will be approximately $17.5 million, which is $11.0 million more than the legal limit. This surplus is mainly the result of the district’s overestimation of appropriations for teachers’ salaries and employee benefits and underestimation of revenues for Federal Fiscal Stabilization Aid.

Liberty Central School District – Budget Review
DiNapoli’s auditors found the significant revenue and expenditure projections in the proposed budget to be reasonable. District officials are projecting an unappropriated fund balance in excess of legal limits by approximately $850,000 as of June 30, 2010. In addition, district officials over-budgeted their debt service appropriations by $243,000.

Fabius-Pompey Central School District – Budget Review
Auditors from DiNapoli’s Office noted that the budgeted estimated revenues and appropriations appear reasonable.

Chenango Valley Central School District – Budget Review
DiNapoli’s auditors found the significant revenue and expenditure projections in the proposed budget to be reasonable. As of March 25, 2010, district officials project the unappropriated fund balance to be approximately $3.3 million as of June 30, 2010. District officials plan to reduce this amount by proposing to the board one-time expenditures, additional debt payments, and an increase in reserves totaling approximately $2.2 million to be paid before June 30, 2010. If the board approves this plan, district officials project that the unappropriated fund balance as of June 30, 2010, will be approximately $1 million, which is within the four percent legal limit. However, if the board rejects this plan, the board must develop a plan to reduce the unappropriated fund balance to stay within the statutory four percent limit.

Beacon City School District – Budget Review
DiNapoli’s auditors found the significant revenue and expenditure projections in the proposed budget to be reasonable. However, auditors noted that the Board of Education needs to ensure that the district’s retained fund balance does not exceed the limit allowed by law.

Campbell-Savona Central School District – Budget Review
DiNapoli’s auditors found the budgeted estimated revenues and appropriations appear reasonable.

If you have any questions or would like a comment from the Comptroller’s Office regarding these audits, please call the Press Office at 518-474-4015, or send an email.

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