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March 12, 2012

 

Comptroller DiNapoli Releases School Audits


New York State Comptroller Thomas P. DiNapoli today announced his office completed the audits of the Glens Falls Central School District, Patchogue-Medford Union Free School District and the Silver Creek 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.”

Glens Falls Central School District – Internal Controls Over Claims Processing (Warren County)
During the last audit of the district, auditors found weaknesses with controls related to the processing of claims. Subsequent to that audit, the board delegated the responsibility of auditing claims to a claims auditor and, as a result, the district’s internal controls over claims processing have improved. However, the District did not take full corrective action and continued to utilize an inadequate practice for processing and paying claims prior to audit. According to officials, they have an informal policy to pay certain claims prior to audit each month to meet payment deadlines; however, not all of these payments are allowed by education law to be paid prior to audit.

Patchogue-Medford Union Free School District – Budget Review (Suffolk County)
Auditors found that the significant revenue and expenditure projections in the District’s tentative budget are reasonable. District officials are planning to use $6 million in fund balance to help finance operations in 2012-13. They should closely monitor the district’s fund balance and act to identify other financing sources if fund balance is no longer available to help pay for operations. The district’s proposed budget complies with the 2 percent tax levy limit.

Silver Creek Central School District – Audit Follow Up (Chautauqua County)
Based on auditors’ limited procedures, they determined that the district has implemented all eight of their audit recommendations.

 

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