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March 1, 2013

Comptroller DiNapoli Releases School Audits

New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of the Albany City School District and KIPP Tech Valley 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.”

Albany City School District – Separation Payments and Information Technology (Albany County)
The district designed appropriate internal controls over employee separation payments and those controls are operating effectively. Further, auditors found district officials developed an IT disaster recovery plan, but the school board has not formally adopted the plan. Also, the plan does not contain the level of detail necessary to ensure that the computer system could be restored in a timely manner.

KIPP Tech Valley Charter School – Enrollment and Billing (Albany County)
The charter school accurately billed resident school districts and acquired goods and services in accordance with its procurement policy. Also, auditors found the school’s finance manager properly completes a reconciliation of amounts billed and collected at the end of the fiscal year.

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