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Audit reveals Brockport CSD collected over $20M in surpluses

todayJanuary 26, 2024 1

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ROCHESTER, N.Y. (WROC) — An audit was released that showed the Brockport Central School District allegedly incurred surpluses, despite claiming they had budget gaps.

The audit was launched by the NYS Comptroller, who says that the district and its Board of Education were not transparent and failed to manage their fund balance and reserves.

According to the Comptroller, between the 2017-2018 and 2021-2022 fiscal years, the district’s approved budgets made it look like the board needed to increase rental property by 13%, but it was later discovered the district collected a total of $20.9 million in surpluses for those five years.

The Comptroller also said that five of the district’s reserves had high balances totaling $20 million that were not needed or used for many years while the debt reserve had $700,00 in unidentified money that should have been returned to the general fund.

Other findings, according to the comptroller, included overestimated appropriations of over $30 million, underestimated revenues of $8.7 million, and that the district had no comprehensive reserve reports or plans.

It was recommended to the district that they adopt budgets with reasonable estimates, reduce overfunded reserves, provide a report, and adopt financial and capital plans. The Office of the Comptroller says the district agreed to these recommendations.

Full Audit Findings:

​ ROCHESTER, N.Y. (WROC) — An audit was released that showed the Brockport Central School District allegedly incurred surpluses, despite claiming they had budget gaps.

The audit was launched by the NYS Comptroller, who says that the district and its Board of Education were not transparent and failed to manage their fund balance and reserves.

According to the Comptroller, between the 2017-2018 and 2021-2022 fiscal years, the district’s approved budgets made it look like the board needed to increase rental property by 13%, but it was later discovered the district collected a total of $20.9 million in surpluses for those five years.

The Comptroller also said that five of the district’s reserves had high balances totaling $20 million that were not needed or used for many years while the debt reserve had $700,00 in unidentified money that should have been returned to the general fund.

Other findings, according to the comptroller, included overestimated appropriations of over $30 million, underestimated revenues of $8.7 million, and that the district had no comprehensive reserve reports or plans.

It was recommended to the district that they adopt budgets with reasonable estimates, reduce overfunded reserves, provide a report, and adopt financial and capital plans. The Office of the Comptroller says the district agreed to these recommendations.

Full Audit Findings:

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