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January 20, 2012

 

Comptroller DiNapoli Releases Municipal Audits

 


New York State Comptroller Thomas P. DiNapoli today announced his office completed the audit of the Kendall Central School District.

“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.”

Kendall Central School District – Independent Audit Services (Orleans County)
District officials did not procure independent audit services in accordance with established policies and procedures. Instead of evaluating proposals based on quality (such as experience and professional competence) and cost, district officials selected the CPA who had submitted the lowest-cost proposal. As a result, the district selected a CPA who provided inadequate audit services. Auditors reviewed the audit services that the CPA provided for the 2009-10 fiscal year and found serious concerns regarding his documentation and judgment. In fact, a previous audit found that the district concealed more than $7.85 million in fund balance that should have been used to benefit taxpayers; the CPA either initiated, or allowed the district to engage in, these practices. The District should select a more qualified external auditor. Auditors will be referring their report to the State Board for Public Accountancy.



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