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NYS Comptroller


Audits of Local Governments and School Districts

Mahopac Central School District – Financial Condition (2013M-302)

Released: October 10, 2013 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to examine the District’s financial condition for the period July 1, 2012, to June 30, 2013.


The Mahopac Central School District is located in the Town of Carmel in Putnam County. The District is governed by the Board of Education which comprises nine elected members. The District’s budgeted expenditures for the 2012-13 fiscal year were $112.4 million.

Key Findings

The District was identified as being susceptible to fiscal stress due to a general fund operating deficit during the 2010-11 fiscal year. Our audit determined the District is not currently in fiscal stress.

  • District officials developed reasonable budgets and managed fund balance responsibly in accordance with statute. With the exception of the 2010-11fiscal year when the District incurred a planned operating deficit, fund balance has steadily grown during the period reviewed.
  • During the 2011-12 fiscal year the District produced an operating surplus of approximately $2.8 million. The operating surplus was achieved through a decrease in salary and employee benefit costs due to staff reductions and lower energy costs. Additional cost savings were realized in pupil transportation costs due to declining enrollment and the combination of bus routes during the 2011-12 fiscal year.

Key Recommendation

  • There are no recommendations for this report.

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