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NYS Comptroller


Audits of Local Governments and School Districts

Saratoga Springs City School District – Fund Balance (2016M-99)

Released: June 24, 2016 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to assess the District’s fund balance for the period July 1, 2012 through June 30, 2015.


The Saratoga Springs City School District is located in the City of Saratoga Springs and portions of the Towns of Greenfield, Malta, Milton, Saratoga and Wilton in Saratoga County. The District, which operates eight schools with approximately 6,375 students, is governed by an elected nine-member Board of Education. The District’s operating budget for the 2015-16 fiscal year totaled approximately $117 million.

Key Finding

  • The District’s reported unrestricted fund balance for the past three years was understated because the District incorrectly restricted funds for the future payments of other post-employment benefits (OPEB).

Key Recommendation

  • District officials should discontinue the practice of restricting a portion of its fund balance for its future OPEB liability to ensure the amount of the unrestricted fund balance is in compliance with the Real Property Tax Law limit.

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