Fiscal Oversight Module 1 - New York State School Boards ...

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© 2012 New York State School Boards Association, Latham NY Comptroller Audit Findings (cont’d) • Payroll Issues – Separation Payments • Lack of Board oversight regarding accuracy of leave balances or that payments were made in accordance with employment contracts • Insufficient or lacking payroll policies – Payment for personal services without contracts • Again, related to inadequate internal controls and policies over payroll • Loose employee contracts did not specify entitlement to salary and benefits; as a result offending districts paid these officials far more than they were entitled
© 2012 New York State School Boards Association, Latham NY Comptroller Audit Findings (cont’d) • Financial Condition Issues – Inaccurate recording and reporting of district financial data. • Prevented boards from monitoring the districts fiscal condition in a timely manner. • Over-expending appropriations and fund balances deteriorated, often to a deficit. – Over- reliance on fund balance, or using nonrecurring revenue sources to fund expenditures.
Page 1 and 2: Fiscal Oversight Fundamentals Modul
Page 3 and 4: © 2012 New York State School Board
Page 5 and 6: The Claims Auditor © 2012 New York
Page 29 and 30: Internal Audit Function © 2012 New
Page 39 and 40: External Audit Function © 2012 New
Page 45 and 46: Treasurer © 2012 New York State Sc
Page 51: © 2012 New York State School Board

Fiscal Oversight Module 1 - New York State School Boards ...

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