FOR RELEASE:

Comptroller DiNapoli Releases School Audit

New York State Comptroller Thomas P. DiNapoli today announced his office completed an audit of the Mayfield 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.”

Mayfield Central School District – Financial Condition (Fulton County)
The district had fund balance in excess of the statutory limit from the 2006-07 fiscal year through the 2008-09 fiscal year. District officials and the school board, however, have taken appropriate action to reduce the fund balance below the statutory limit for the fiscal years ending June 30, 2010 and June 30, 2011. The district has accomplished this by establishing reserves and by using more of the fund balance that it had appropriated.