New York City Board of Education
Central Office Financial Management Centers: Payroll and Inventory Controls The New York City Board of Education uses 39 Central Office Financial Management Centers to administer certain aspects of the New York City public school system. We examined the internal controls over payroll and inventory processes at eight of the Financial Management Centers. We determined that significant improvements were needed in many of these controls. For example, time and attendance records were not submitted in a timely manner, inventory records were not kept up to date, and several recently purchased items could not be located. The missing items included computers and digital cameras. We made a number of recommendations for strengthening the internal controls at the Financial Management Centers.
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