New York State Comptroller Thomas P. DiNapoli today announced the following audits were issued.
The school board did not properly fund, use or manage reserve funds according to applicable laws or best practices. The board did not define the financial objectives including the purpose, funding goals, and conditions for reserve fund use and replenishment or obtain voter approval to liquidate the liability reserve or fund the repair reserve, as required.
Town officials did not effectively manage most aspects of the water and sewer districts’ financial operations. Officials did not adopt realistic budgets or ensure customers were uniformly and accurately billed. Officials did not make certain that operating and administrative costs were equitably allocated among property owners and did not establish adequate intermunicipal agreements and contracts.
The school board and district officials have not established adequate written policies and procedures over disposals of district property. Auditors examined the district’s disposal of fifteen school buses and seven automated external defibrillators and found that officials disposed of the property without exploring alternative disposal methods. As a result, district officials do not have assurance that they received the best value for this property. Auditors noted similar deficiencies in a 2014 audit.
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