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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Report Highlights

Warrensburg Central School District - Financial Condition Management (2017M-265)

Released: June 8, 2018 -- [read complete report - pdf]

Audit Objective

Determine whether District officials effectively managed the District’s financial condition.

Key Findings

  • District officials annually overestimated appropriations from 2014-15 through 2016-17 and it appears they did so again in 2017-18.
  • Unrestricted fund balance ranged between 7.6 and 14.4 percent of ensuing years’ appropriations, exceeding the 4 percent statutory limit.
  • Five completed capital projects were not closed out.

Key Recommendations

  • Develop realistic estimates of appropriations.
  • Adopt a written plan to use excess fund balance to benefit District residents.
  • Close completed capital projects.

District officials generally agreed with our recommendations and have initiated, or indicated they planned to initiate corrective action.

Background

The Warrensburg Central School District (District) serves the Towns of Bolton, Chester, Horicon, Johnsburg, Lake George, Stony Creek, Thurman and Warrensburg in Warren County.

The seven-member elected Board of Education (Board) is responsible for the general management and control of the District’s financial and educational affairs. The Superintendent of Schools (Superintendent) is the District’s chief executive officer and is responsible, along with other administrative staff, for the District’s day-to-day management under the Board’s direction.

Quick Facts
Employees 170
2017-18 Enrollment755
2017-18 Budgeted Appropriations $19.6 million

Audit Period

July 1, 2014 – June 30, 2017


Local Government and School Accountability Contact Information:

Phone: (518) 474-4037; Email: localgov@osc.ny.gov
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236