Skip to Content

Login   Subscribe   Site Index   Contact Us   Google Translate™

NYS Comptroller


Audits of Local Governments and School Districts

Sherburne-Earlville Central School District – Fund Balance (2017M-19)

Released: March 10, 2017 -- [read complete report - pdf]

Purpose of Budget Review

The purpose of our audit was to review the District's financial management practices for the period July 1, 2015 through November 8, 2016.


The Sherburne-Earlville Central School District is located in 11 towns in Chenango and Madison Counties. The District, which operates three schools with approximately 1,300 students, is governed by an elected seven-member Board of Education. Budgeted appropriations for the 2016-17 fiscal year total approximately $33.3 million.

Key Finding

  • The District's unrestricted fund balance for the 2013-14, 2014-15 and 2015-16 fiscal years exceeded the statutory maximum of 4 percent of the ensuing year’s appropriations.

Key Recommendation

  • Develop a plan to reduce the amount of available fund balance in a manner that benefits District residents.

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