Tuesday, January 4, 2011

Ken-Ton cited for budget slips - Business First of Buffalo:

geqopimozaqyxyh.blogspot.com
The report from the office of Comptrolleer Thomas DiNapoli does not accuse the districtr of anyfinancial wrongdoing. But it contend s that district officials overestimated expensesby $43.5 million between 2003 and 2008 and underestimate d revenues by nearly $23 million. "Thr district has used these surpluses to increase varioua reserves and trustaccount balances," says the It says that Kenmore-Tonawanda's reserves, trust accounts and fund s for absences and workers' compensation totaled $27.5 milliom as of June 2008. The comptroller's office contend that $12.
4 million of that amount was It said that the money should be used insteaein "paying one-time expenditures, funding necessary reserves, reducingv debt and/or reducing the tax levy." A writtem response from Kenmore-Tonawanda's superintendent, Mark and the district's school board Melissa Brinson, said that many of the assertions in the statew report "merely reflect the comptroller's philosophicalk or policy perspectives." Yet they pledged to "engag in corrective action as appropriate." The complete audit can be accesse at .

No comments:

Post a Comment