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NYS Comptroller


Audits of Local Governments and School Districts

Otego-Unadilla Central School District – Financial Condition (2015M-245)

Released: January 15, 2016 -- [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, 2013 through May 14, 2015.


The Otego-Unadilla Central School District is located in the Towns of Otego, Unadilla, Laurens, Oneonta and Butternuts in Otsego County and the Towns of Sidney and Franklin in Delaware County. The District, which operates three schools with approximately 900 students, is governed by an elected seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $22.1 million.

Key Findings

  • District officials adopted budgets from 2012-13 through 2014-15 that included $3.5 million of fund balance as a financing source.
  • District officials are currently working on implementing cost saving measures.

Key Recommendations

  • Develop and adopt structurally balanced budgets with sufficient recurring revenues to finance recurring expenditures.
  • Continue to review and seek alternative ways to lower expenditures.

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