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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Somers Central School District – Fixed Assets (2016M-74)


Released: June 10, 2016 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to review controls over the District’s fixed assets and information technology equipment for the period July 1, 2014 through December 1, 2015.

Background

The Somers Central School District is located in the Towns of Somers, Katonah and Yorktown in Westchester County. The District, which operates four schools with approximately 3,300 students, is governed by an elected seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $87 million.

Key Findings

  • The Board has not adopted an asset policy establishing capitalization or tagging thresholds, controls over assets or how to maintain records for assets.
  • Not all assets listed as disposed of had documentation indicating authorization or approval.
  • Not all assets were tagged or had asset tag numbers that agreed with the asset records.

Key Recommendations

  • Adopt a written policy that establishes capitalization or tagging thresholds, controls over assets and how to maintain records for assets.
  • Authorize all asset disposals.
  • Ensure that all fixed assets above the established threshold limits have tags affixed identifying them as District properties.

Local Government and School Accountability Contact Information:

Phone: (518) 474-4037; Email: localgov@osc.state.ny.us
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236