Skip to Content

Login   Subscribe   Site Index   Contact Us   Google Translate™

NYS Comptroller


Audits of Local Governments and School Districts

Chenango Valley Central School District – Budget Review (B4-13-11)

Released: April 19, 2013 -- [read complete report - pdf]

Purpose of Audit

The purpose of our budget review was to determine whether the significant revenue and expenditure projections in the District’s tentative budget for the 2013-14 fiscal year are reasonable.


The Chenango Valley Central School District, located in Broome County, issued debt totaling $3.5 million to liquidate the accumulated deficit in the District’s general fund and school lunch fund as of June 30, 2008. Local Finance Law requires all local governments that have been authorized to issue obligations to fund operating deficits to submit their tentative budgets for the next fiscal year to the State Comptroller for review while the deficit obligations are outstanding.

Key Findings

  • Based on the results of our review, in general, we found that the significant revenue and expenditure projections in the proposed budget are reasonable.
  • We compared the District’s food service fund 2013-14 budgeted revenues and appropriations to the average of the actual results for the past two years and projected results for this year. The budgeted revenues and appropriations are higher than average actual results by $65,000 and $120,000, respectively.
  • The District’s proposed budget complies with the property tax levy limit.

Key Recommendation

  • Adopt a food service fund budget that more closely aligns with previous years’ actual results of operations, unless there are some known reasons for such increases.

Local Government and School Accountability Contact Information:

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