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December 12, 2012

 

Comptroller DiNapoli Releases School Audit


New York State Comptroller Thomas P. DiNapoli today announced his office completed an audit of the Buffalo United Charter School.

“My office’s audits of school districts, charter schools 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.”

Buffalo United Charter School – Financial Management (Erie County)
The school board has entered into a management agreement with a privately held for-profit corporation. Because the school board relies almost exclusively on the corporation to handle the charter school’s finances, the school treasurer cannot adequately fulfill certain duties as prescribed. The corporation’s failure to disclose detailed information about its internal costs and how they are allocated to the school limits the board’s ability to verify that these charges are accurate and appropriate.


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