2021
FINDING 2021-001 STEWARDSHIP AND COMPLIANCE
Unassigned fund balance is not to exceed 4% of the subsequent year’s budget to comply with Section 1318 of the New York State Property Tax Law.
CONDITION
The School Districts unassigned fund balance was greater than the New York State Real Property Tax Law Section 1318 Limit.
CORRECTIVE ACTION PLAN
The District has been working on reducing the unassigned fund balance. The District has developed a reserve plan that will be reviewed throughout the school year. As a part of the plan, the management will be reviewing the other options available to move excess fund balance to allowable reserves.
2020
FINDING 2020-001 STEWARDSHIP AND COMPLIANCE
Unassigned fund balance is not to exceed 4% of the subsequent year’s budget to comply with Section 1318 of the New York State Property Tax Law.
CONDITION
The School Districts unassigned fund balance was greater than the New York State Real Property Tax Law Section 1318 Limit.
CORRECTIVE ACTION PLAN
The District has been working on reducing the unassigned fund balance. The District has developed a reserve plan that will be reviewed throughout the school year. As a part of the plan, the management will be reviewing the other options available to move excess fund balance to allowable reserves.
FINDING
As of June 30th 2020 the following conditions were noted in the management letter.
1. Extra Classroom the following finding had been noted:
a. One instance of missing student signatures on a receipt.
2. Disbursement Testing
a. Testing of 40 disbursements it was noted instances where the purchase order was dated after the invoice date.
ACTION TAKEN OR PLANNED
The District will be taking the following steps throughout the 2020-2021 school year to address all the conditions noted in the management letter.
1. Extra Classroom the following finding had been noted:
a. The Business Manager and the Central Treasurer will send out to Faculty Advisors for review the NYS Pamphlet #2. Focus will be on the completion of the proper paperwork and document for submission. Management will oversee the internal process to ensure the proper signature are recorded on all receipts.
2. Disbursement Testing
a. Throughout the 2020-2021 school year management will review with all staff the district’s purchasing policy.
2019
FINDING 2019-001 STEWARDSHIP AND COMPLIANCE
Unassigned fund balance is not to exceed 4% of the subsequent year’s budget to comply with Section 1318 of the New York State Property Tax Law.
CONDITION
The School Districts unassigned fund balance was greater than the New York State Real Property Tax Law Section 1318 Limit.
CORRECTIVE ACTION PLAN
The District has been working on reducing the unassigned fund balance. The District has developed a reserve plan that will be reviewed throughout the school year. As a part of the plan, the management will be reviewing the other options available to move excess fund balance to allowable reserves.
FINDING
As of June 30th 2019 the following conditions were noted in the management letter.
1. Extra Classroom the following finding had been noted:
a. One instance of missing student signatures on a receipt.
2. Disbursement Testing
a. Testing of 40 disbursements it was noted two instances to purchase order was dated after the invoice date.
ACTION TAKEN OR PLANNED
The District will be taking the following steps throughout the 2019-2020 school year to address all the conditions noted in the management letter.
1. Extra Classroom the following finding had been noted:
a. The Business Manager and the Central Treasurer will send out to Faculty Advisors for review the NYS Pamphlet #2. Focus will be on the completion of the proper paperwork and document for submission. Management will oversee the internal process to ensure the proper signature are recorded on all receipts.
2. Disbursement Testing
a. Throughout the 2019-2020 school year management will review with all staff the district’s purchasing policy.
2018
FINDING 2018-001 STEWARDSHIP AND COMPLIANCE
Unassigned fund balance is not to exceed 4% of the subsequent year’s budget to comply with Section 1318 of the New York State Property Tax Law.
CONDITION
The School Districts unassigned fund balance was greater than the New York State Real Property Tax Law Section 1318 Limit.
CORRECTIVE ACTION PLAN
The District has been working on reducing the unassigned fund balance, which we have reduced down over the last 5 years. The District has developed a reserve plan that will be reviewed throughout the school year. As a part of the plan, the management will be reviewing the other options available to move excess fund balance to allowable reserves.
FINDING
As of June 30th 2018 the following conditions were noted in the management letter.
1. Extra Classroom the following finding had been noted:
a. Missing student signatures on both receipts and disbursements.
2. Tax Certiorari
a. The District currently has a tax certiorari which exceeds the current claims and judgement against the District
3. Disbursement Testing
a. Testing of 40 disbursements it was noted two instances to purchase order was dated after the invoice date
ACTION TAKEN OR PLANNED
The District will be taking the following steps throughout the 2018-2019 school year to address all the conditions noted in the management letter.
1. Extra Classroom the following finding had been noted:
a. The District Treasurer and the Central Treasurer will be meeting with Faculty Advisors to review the NYS Pamphlet #2. Focus will be on the completion of the proper paperwork and document for submission. Management will oversee the internal process to ensure the proper signature are recorded on all receipts and disbursements.
2. Tax Certiorari
a. The Tax Certiorari will be reviewed at the close of 2018-2019 school year. Action will be taken if warranted.
3. Disbursement Testing
a. Throughout the 2018-2019 school year, management will review with all staff the district’s purchasing policy.
2017
FINDING 2017-001 STEWARDSHIP AND COMPLIANCE
Unassigned fund balance is not to exceed 4% of the subsequent year’s budget to comply with Section 1318 of the New York State Property Tax Law.
CONDITION
The School Districts unassigned fund balance was greater than the New York State Real Property Tax Law Section 1318 Limit.
CORRECTIVE ACTION PLAN
The District has been working on reducing the unassigned fund balance, which we have reduced down over the last 5 years. The District has developed a reserve plan that will be reviewed throughout the school year. As a part of the plan, the management will be reviewing the other options available to move excess fund balance to allowable reserves.
FINDING
As of June 30th 2017 the following conditions were noted in the management letter.
1. Extra Classroom the following finding had been noted:
a. Missing student signatures on both receipts and disbursements.
2. Tax Certiorari
a. The District currently has a tax certiorari which exceeds the current claims and judgment against the District.
ACTION TAKEN OR PLANNED
The District will be taking the following steps throughout the 2017-2018 school year to address all the conditions noted in the management letter.
1. Extra Classroom the following finding had been noted:
a. The District Treasurer and Central Treasurer will be meeting with Faculty Advisors to review the NYS Pamphlet #2. Focus will be on the completion of the proper paperwork and document for submission. Management will oversee the internal process to ensure the proper signature are recorded on all receipts and disbursements.
2. Tax Certiorari
a. The Tax Certiorari will be reviewed at the close of 2017-2018 school year. Action will be taken if warranted