Orange-Ulster Board of Cooperative Educational Services – Fixed Assets (2016M-268)

Issued Date
November 04, 2016

Purpose of Audit

The purpose of our audit was to review controls over fixed assets for the period July 1, 2014 through January 13, 2016.


The Orange-Ulster Board of Cooperative Educational Services (BOCES) is a public entity serving 17 component school districts with approximately 55,800 students in Orange and Ulster counties. BOCES is governed by a seven-member Board of Education elected by the boards of its component districts. Budgeted appropriations for the 2015-16 fiscal year totaled approximately $122.9 million.

Key Findings

  • Not all assets were recorded on the Fixed Assets list, and assets were not always in the locations indicated.
  • Not all assets were tagged and some assets were disposed of without Board approval.

Key Recommendations

  • Ensure that fixed asset records are accurate and up to date and that all fixed assets can be located.
  • Ensure that all assets are tagged as appropriate and authorize all asset disposals.