Press Releases
CONTACT:
Press Office
(518) 474-4015

 FOR RELEASE:

Immediately
July 11, 2013

 

Comptroller DiNapoli Releases School Audits

New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of the Child Development Center of the Hamptons Charter School and the Syracuse Academy of Science Charter School.

“My office’s audits of school districts, charter schools and BOCES help schools improve their financial management practices,”DiNapoli said. “These audits are tools for schools to make sure proper policies and procedures are in place to protect taxpayer dollars and provide students with the best possible education.”
 
Child Development Center of the Hamptons Charter School - Financial Management (Suffolk County)
The board needs to improve its monitoring of the management corporation to ensure school funds are used effectively and efficiently. The board did not receive quarterly and annual balance sheets and monthly banking transaction reports, as required by the agreement between the management corporation and the school. Instead, the financial reports provided to the board contained only budget-to-actual revenue and expenditure reports for on average, a two-month period. The management corporation did not present the board with bank statements or cancelled checks and a list of all moneys received and paid each month –documentation that supports information in the financial reports.

Syracuse Academy of Science Charter School - Purchases from Selected Vendors and Enrollment and Billing (Onondaga County)
School officials routinely purchased school equipment and furnishings from a limited group of four vendors that were affiliated with one another. The required number of quotes was not always obtained, quotes were sometimes dated after the purchase was made, officials did not document verbal quotes, and officials received quotes for equipment and furnishings from vendors that did not specialize in such items. As a result, auditors questioned the prudence of $383,390 in purchases which could have been obtained at lower prices. Some of the purchased items were resold to the school after an affiliated vendor purchased the items online and marked up the price. Additionally, the director of operations does not ensure all student information is recorded accurately prior to billing their school districts, and does not verify the accuracy of the year-end reconciliation of the school’s student information system with billings.

###

For access to state and local government spending and more than 60,000 state contracts, visit http://www.openbooknewyork.com/. The easy-to-use website was created by Comptroller DiNapoli to promote openness in government and provide taxpayers with better access to the financial workings of government.

Albany Phone: (518) 474-4015 Fax: (518) 473-8940
NYC Phone: (212) 383-1388 Fax: (212) 681-7677
Internet: www.osc.state.ny.us
E-Mail: press@osc.state.ny.us
Follow us on Twitter: @NYSComptroller
Like us on Facebook: www.facebook.com/nyscomptroller