New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of Morris-Eaton Central School District, Oriskany Central School District and the Vestal Central School District.
"In today's fiscal climate, budget transparency and accountability for our local communities is a top priority," said DiNapoli. "By auditing municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being spent appropriately and effectively."
The board did not adopt an online banking policy defining authorization and monitoring of online banking transactions. District officials did not properly review online banking transactions or use a designated computer for online banking transactions. Not all employees involved in the online banking process have received Internet security awareness training.
The district did not seek competition for five professional service contracts totaling $265,706. Auditors also examined 73 invoices totaling $105,728 requiring quotes and found 64 invoices totaling $44,956 in which no quotes were documented.
District officials consistently overestimated expenditures and appropriated fund balance that was not used. Total fund balance has increased by $6.3 million from 2013-14 through 2015-16 and unassigned fund balance significantly exceeded the statutory limit. In addition, three of the district's reserve funds did not have adequate support and plans for the balances.
For access to state and local government spending, public authority financial data and information on 130,000 state contracts, visit Open Book New York. The easy-to-use website was created to promote transparency in government and provide taxpayers with better access to financial data.