Ardsley Union Free School District – Reserve Funds (2015M-348)

Issued Date
March 04, 2016

Purpose of Audit

The purpose of our audit was to examine the District’s reserve funds for the period July 1, 2014 through October 2, 2015.


The Ardsley Union Free School District is located in the Village of Ardsley in Westchester County. The District, which operates three schools with approximately 2,060 students, is governed by an elected five-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year are $63.9 million.

Key Finding

  • The District’s schedule identifying the leave balances for employees entitled to a payout at retirement included employees who were not eligible for a payout based on the collective bargaining agreement.

Key Recommendation

  • The Board should only include payouts to eligible employees when determining the amount to fund the EBALR.