Schenevus School Surpluses Too High

Schenevus School Surpluses Too High,

Taxpayers Kept In Dark, Auditors Find

SCHENEVUS – The Schenevus Central school board hasn’t been straightforward with the taxpayers about district finances, according to an audit released in recent days by state Auditor Thomas DiNapoli’s office.

“District officials have accumulated excessive fund balances and not adequately reported the District’s financial condition to the taxpayers,” the auditors found.

Among other findings, the audit found unexpended surplus exceeded the 4 percent “allowable limit,” and that information provided prior to the annual budget vote did not include actual expenditures vs. budget figures from the year before.

The auditors pointed out that the budgets reviewed not prepared by the new superintendent, Thomas Jennings.

HERE ARE DiNAPOLI’S RECOMMENDATIONS

HERE IS THE FULL TEXT OF THE STATE AUDIT