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January 31, 2013

 

Comptroller DiNapoli Releases School Audits

New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of the Hadley-Luzerne Central School District and the Hyde Park Central School District.

“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.”

Hadley-Luzerne Central School District – Financial Condition (Warren County)
The school board adopted budgets during the audit period that cut costs by abolishing positions, outsourcing services or sharing them with other districts, and saving money on energy costs. Given the school district’s declining enrollment and the current economic climate, cost-cutting is prudent. The district’s unexpended surplus funds, however, have exceeded the legal limit during the past two years.

Hyde Park Central School District – Financial Management Practices (Dutchess County)
Auditors found from 2008 to 2011, the school board overestimated expenditures by approximately $1.9 million. The district’s tax certiorari fund was overfunded between $207,000 and $636,000 during these fiscal years. Additionally, the former district treasurer did not prepare and present monthly reports to the school board.

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