July 11, 2012
DiNapoli: Cheektowaga-Sloan School District Should Better Manage Fund Balance
The Cheektowaga-Sloan Union Free School District has not properly managed its fund balance in accordance with state law and has accumulated more than $2.6 million that should be used to benefit taxpayers, according to an audit released today by State Comptroller Thomas P. DiNapoli.
State statute limits the amount of unexpended surplus funds that can be retained by district officials to no more than 4 percent of the next fiscal year’s budget.
Auditors also found that despite its budgetary surpluses, the district increased its real property tax levy by approximately $2.3 million for fiscal year 2011-12, 18 percent over the prior year’s tax levy. As a result, taxpayers are paying more taxes than necessary.
DiNapoli recommended the district:
Cheektowaga-Sloan district officials generally disagreed with the findings and recommendations in the report. Their response is included in the audit.
For a copy of the full audit, visit: http://www.osc.state.ny.us/localgov/audits/schools/2012/cheektowagasloan.pdf