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May 11, 2009

DiNapoli: Roosevelt UFSD Exceeds Revenue Projections and is Staying Within Budget

Roosevelt UFSD is on track to exceed its revenue projections and to stay within its budgeted expenditure limits, according to an audit of the district’s third quarter, released by State Comptroller Thomas P. DiNapoli.

DiNapoli said if this trend continues the district could end the year with an operating deficit of approximately $2.2 million, which will result in the district using about $5.8 million less fund balance than planned. Officials were able to use less of the fund balance than planned because expenditures were lower, and revenues were higher, than expected.

“Roosevelt officials are making progress toward restoring the district’s financial health,” said DiNapoli. “For the sake of the students and taxpayers, district officials must to continue their work to make sure the district becomes financially stable. The district is making great strides in returning the district to financial stability, but there are still areas that require improvement.”

DiNapoli’s audit noted that:

  • although the district has taken steps to monitor and control spending since DiNapoli’s audit of the district’s second quarter, there were still 85 budget codes that were over-expended by approximately $4 million as of March 31, 2009;
  • following up on limited steps taken by the district to spend the $6 million in Academic Improvement Grants (AIG) funds this school year, the district has now appropriated all $6 million of AIG funds this year, but only earmarked $2.8 million for specific purposes. District officials have not designated specific planned expenditures within the budget, or encumbered any of the remaining $3.2 million; and
  • district officials are continuing to charge current year salaries to special aid fund appropriations from grants that expired as of June 2008. The district’s revised special aid fund budget is not balanced – estimated revenues are less than budgeted appropriations by $94,667.

DiNapoli recommended that district officials:

  • continue to make necessary budgetary transfers of appropriations to accounts that are over-expended. In the future, appropriations should be available before funds are encumbered or expended;
  • continue to take measures to ensure that AIG funds are used for their intended purpose;
  • ensure that budget transfer reports accurately report all of the transfers between budget account codes;
  • continue to ensure that available appropriations for grant programs from the prior year are carried forward to the current year; and
  • ensure that estimated special aid fund revenues and budgeted expenditures are equal.

School District Accountability
In order to improve accountability of the state’s schools, DiNapoli’s office will audit all of New York’s 834 school districts, Board of Cooperative Educational Services and charter schools by 2010. The State Comptroller’s office has completed 550 school audits and approximately 180 school audits are currently underway.

Click here for a copy of the audit.



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