James F Clay/via flickr
April 18, 2014
An audit of the Vestal School District found the district has not been drafting responsible budgets.
According to the audit by the state comptroller’s office, the district has spent $21.7 million less than planned during the last five years.
The report says this under-spending may misrepresent the district’s actual financial state.
The comptroller recommends the Vestal School Board make reasonable estimates of expenditures in future budgets and use the extra money.
The money could be used to pay off debt or reduce district property taxes.
Kim Myers, president of the Vestal Board of Education, wrote in a letter to the comptroller’s office that results from an independent audit found no significant problems with the budget.
She says recommendations from the comptroller audit will be evaluated and may be used in future budgets.