Montauk Union Free School District – Financial Condition...Following is a report of our audit of the Montauk Union Free School District, entitled Financial Condition. This audit

Division of LocaL Government & schooL accountabiLity

o f f i c e o f t h e n e w y o r k s t a t e c o m p t r o L L e r

report of ExaminationPeriod Covered:

July 1, 2012 – December 31, 2015

2016M-168

Montauk Union Free School

DistrictFinancial Condition

thomas p. Dinapoli

Page

AUTHORITY LETTER 1

INTRODUCTION 2 Background 2 Objective 2 Scope and Methodology 2 CommentsofDistrictOfficialsandCorrectiveAction 2

FINANCIAL CONDITION 4 Fund Balance and Budgeting 5 Restricted Funds 7 Multiyear Plan 9 Recommendations 10

APPENDIX A ResponseFromDistrictOfficials 11APPENDIX B AuditMethodologyandStandards 14APPENDIX C HowtoObtainAdditionalCopiesoftheReport 15APPENDIX D LocalRegionalOfficeListing 16

Table of Contents

11Division of LocaL Government anD schooL accountabiLity

State of New YorkOffice of the State Comptroller

Division of Local Governmentand School Accountability July2016

DearSchoolDistrictOfficials:

AtoppriorityoftheOfficeoftheStateComptrolleristohelpschooldistrictofficialsmanagetheirdistrictsefficientlyandeffectivelyand,bysodoing,provideaccountabilityfor taxdollarsspent tosupportdistrictoperations.TheComptrolleroverseesthefiscalaffairsofdistrictsstatewide,aswellasdistricts’compliancewithrelevantstatutesandobservanceofgoodbusinesspractices.Thisfiscaloversight is accomplished, in part, throughour audits,which identify opportunities for improvingdistrictoperationsandBoardofEducationgovernance.Auditsalsocanidentifystrategiestoreducedistrict costs and to strengthen controls intended to safeguard district assets.

Following is a report of our audit of theMontaukUnion Free SchoolDistrict, entitled FinancialCondition.ThisauditwasconductedpursuanttoArticleV,Section1oftheStateConstitutionandtheStateComptroller’sauthorityassetforthinArticle3oftheNewYorkStateGeneralMunicipalLaw.

This audit’s results and recommendations are resources for district officials to use in effectivelymanagingoperationsandinmeetingtheexpectationsoftheirconstituents.Ifyouhavequestionsaboutthisreport,pleasefeelfreetocontactthelocalregionalofficeforyourcounty,aslistedattheendofthis report.

Respectfullysubmitted,

Office of the State ComptrollerDivision of Local Governmentand School Accountability

State of New YorkOffice of the State Comptroller

2 Office Of the New YOrk State cOmptrOller2

Background

Introduction

Objective

Scope andMethodology

Comments ofDistrict Officials andCorrective Action

The Montauk Union Free School District (District) is located in the Town of East Hampton in Suffolk County. The District is governed bytheBoardofEducation(Board),whichiscomposedoffiveelectedmembers. The Board is responsible for the general management and control of the District’s financial and educational affairs. TheSuperintendent of Schools is the chief executive officer and isresponsible,alongwithotheradministrativestaff, for theDistrict’sday-to-day management under the Board’s direction.

The District operates one school (prekindergarten through eighth grade) with approximately 475 students and 90 employees. TheDistrict’s2014-15general fundexpenditures totaledapproximately$18millionandwerefundedprimarilywithStateaid,realpropertytaxesandgrants.Budgetedappropriationsforthe2015-16fiscalyearwereapproximately$19million.

The objective of our audit was to evaluate the District’s financialcondition.Ourauditaddressedthefollowingrelatedquestion:

• DidtheBoardandDistrictofficialsensurethatbudgetestimateswere reasonable and appropriately maintain restricted funds?

WeexaminedtheDistrict’sfinancialconditionfortheperiodJuly1,2012throughDecember31,2015.

We conducted our audit in accordance with generally accepted governmentauditingstandards(GAGAS).Moreinformationonsuchstandards and the methodology used in performing this audit are includedinAppendixBofthisreport.Unlessotherwiseindicatedinthisreport,samplesfortestingwereselectedbasedonprofessionaljudgment,asitwasnottheintenttoprojecttheresultsontotheentirepopulation.Where applicable, information is presented concerningthe value and/or relevant population size and the sample selected for examination.

The results of our audit and recommendations have been discussed withDistrictofficials,andtheircomments,whichappearinAppendixA, have been considered in preparing this report.District officialsgenerally agreed with our recommendations and indicated they planned to initiate corrective action.

The Board has the responsibility to initiate corrective action. Pursuant toSection 35 ofGeneralMunicipalLaw,Section 2116-a


(3)(c)ofNewYorkStateEducationLawandSection170.12oftheRegulationsoftheCommissionerofEducation,awrittencorrectiveactionplan(CAP)thataddressesthefindingsandrecommendationsinthisreportmustbepreparedandprovidedtoourofficewithin90days,withacopyforwardedtotheCommissionerofEducation.Tothe extent practicable, implementation of the CAPmust begin bytheendof thenextfiscalyear.Formore informationonpreparingandfilingyourCAP,pleaserefertoourbrochure,Responding to an OSC Audit Report,whichyou receivedwith thedraft audit report.TheBoardshouldmaketheCAPavailableforpublicreviewintheDistrictClerk’soffice.


Financial Condition

TheBoardisresponsibleformakingsoundfinancialdecisionsthatareinthebestinterestsoftheDistrict,thestudentsitservesandthetaxpayerswhofunditsprogramsandoperations.AnimportanttoolformanagingtheDistrict’sfinancesisthebudgetprocess.Developingaccurate budget estimates and monitoring and controlling revenues andexpenditureshelpsensuretheDistricthasavailableresourcestobenefitDistrict residents. Prudent fiscalmanagement also includesmaintaining sufficient and appropriate amounts of fund balance toaddresslong-termobligationsorplannedfutureexpenditures.OncetheBoardhasaddressed those issues,anyremainingfundbalance,exclusiveofamountsallowedbylawtoberetainedtoaddresscashflow and unexpected occurrences, should be used to fundDistrictoperations.

New York State Real Property Tax Law limits the amount ofunrestrictedfundbalancetonomorethan4percentofthesubsequentyear’s budget. Additionally, school districts are legally allowedto establish reserve funds and accumulate funds for certain future purposes (e.g., capitalprojects, retirementexpenditures).However,reserve balances must be reasonable. Multiyear planning can be a vital tool for school districts,which allows decision-makers to setlong-term priorities and work toward specific goals. MultiyearplanningalsoallowsDistrictofficialstoassesstheeffectsandmeritsofalternativeapproachestofinancialissues,suchastheaccumulationof money in reserve funds.

The Board needs to improve its budget process and ensure it adopts reasonable budgets and appropriately maintains restricted funds to effectively manage the District’s financial condition. From 2012-13 through2014-15,Districtofficialsoverestimatedappropriationsin the adopted budgets each year. This budget practice generated approximately $1 million in cumulative operating surpluses fortheseyears.Overtheseyears,officialsalsoappropriatednearly$2.8millionoffundbalanceasafinancingsourceintheannualbudgets.However,approximately94percentofthisamountwasnotneededduetotheoperatingsurpluses.Asaresult,theDistrict’sunassignedfundbalanceexceededthestatutorylimiteachyear,rangingfrom4.3to6.8percentoftheensuingyear’sbudget.

Whenunusedappropriatefundbalanceisaddedback,theDistrict’srecalculated unassigned fund balance ranged from 9 to 11 percent of theensuingyear’sappropriations,furtherexceedingthestatutorylimiteachyear.During2014-15,theDistrictappropriated$830,000forthe


Fund Balanceand Budgeting

2015-16budget,buttheDistrictprojectsthatitwillnotbeneeded.Assuch,weexpecttheDistrict’sunassignedfundbalancewillcontinueto exceed the statutory limit.District officials also overfunded theworkers’ compensation reserve and retained almost $1 million of excess funds in the capital projects fund. Finally,District officialshavenotadopted long-termfinancialandcapitalplans,as requiredby Board policy.

The Board is responsible for preparing and presenting the District’s budgetforvoterapproval.Inpreparingthebudget, theBoardmustestimate revenues (e.g.,Stateaid),expendituresand theamountofunassignedfundsthatwillbeavailableattheendofthefiscalyear,some or all of which may be used to fund the ensuing year’s budget. Revenue and expenditure estimates should be developed based onprior years’ operating results, past expenditure trends, anticipatedfuture needs and available information related to projected changes in significant revenuesandexpenditures.After taking these factorsintoaccount,theBoardshoulddeterminetheexpectedtaxlevythatisnecessarytofundoperations.Accurateestimateshelpensurethatthetaxlevyissufficienttofundoperations.

Fundbalancerepresentsresourcesremainingfrompriorfiscalyears.A school district may retain a portion of fund balance for year-end cash flow needs or unexpected expenditures. Districts mayalso establish reserve funds to restrict reasonable portions of fund balanceforspecifiedpurposesthatcomplywithstatutorydirectives.However,District officials should not appropriate fund balance orestablish reserves mainly to remove fund balance amounts from the statutory limit calculation.

We compared the District’s appropriations with actual results of operationsforfiscalyears2012-13through2014-15andfoundthatthe District overestimated appropriations by an average of more than $1.1million(6.5percent)ineachoftheseyears,asshowninFigure1.

Figure 1: Overestimated ExpendituresFiscal Year

Budgeted Appropriationsa

Actual Expendituresb

Overestimated Expenditures Percentage

2012-13 $18,530,228 $17,027,714 $1,502,514 8.8%

2013-14 $18,835,136 $17,751,099 $1,084,037 6.1%

2014-15 $18,854,944 $18,026,068 $828,876 4.6%a Includes year-end encumbrances from the prior fiscal yearb Includes year-end encumbrances

During the sameperiod, actual revenuesweregenerally consistentwithbudgetedestimatesand,onaverage,exceededbudgetedestimatesbylessthan1percenteachyear.However,theappropriationswereoverestimated each year. Appropriations that were significantly


overestimated each year included special education programs by asmuchas$942,315 (36.5percent), teaching– regular school1 by asmuchas$935,674(11.3percent),employeebenefitsbyasmuchas$382,792(10.5percent)anddebtserviceinterestbyasmuchas$121,064(70percent).

Districtofficialsindicatedthattheybudgetconservativelytoensureappropriationswillbeavailableforunanticipatedexpenditures.Whilewe recognize that the appropriations for special education programs can fluctuate based on student enrollment, the employee salariescontained in special education programs and teaching – regularschoolandtheassociatedbenefitscostsaregovernedbycontractualagreements,whichshouldbereasonablypredictable.

Duringthe2012-13through2014-15fiscalyears,theBoardadoptedbudgetsthatincludedtheuseofunassignedfundbalancetofinanceoperations.Whenfundbalanceisappropriatedtofinanceoperations,theDistrictisexpectedtohaveaplannedoperatingdeficit.However,due to the District’s practice of overestimating appropriations, itexperiencedoperatingsurplusesintwoofthelastthreeyears(Figure2).District officials also used a portion of these surpluses to fundthe retirement contribution reserve with $648,604 (when it wasestablished in 2012-13), the workers’ compensation reserve with$225,275(from2012-13through2014-15)andtheemployeebenefitaccrued liability reserve (EBALR) with $103,853 (from 2013-14through 2014-15).

While it is prudent to have some provision for unanticipated expenditures, itcanbedonewithmaintainingample fundbalance,using reserves or adopting a conservative budget. Budgeting practicesthatoverestimateexpenditureseachyearandresultintheaccumulationandretentionofexcess fundscanresult in tax leviesthat are greater than necessary.

____________________1 Teaching–regularschoolwascomposedof65budgetlinesincludingtextbooks,

supplies and non-instructional salaries. The two highest overestimated regular schoolbudgetlineswerefortuitionchargesandteachersalariesforgradesK-6.

Figure 2: Unassigned Fund Balance at Year-End 2012-13 2013-14 2014-15

Total Beginning Fund Balance $2,958,404 $3,873,305 $4,124,864

Add: Operating Surplus/(Deficit) $914,901 $251,559 ($165,770)

Total Ending Fund Balance $3,873,305 $4,124,864 $3,959,094

Less: Restricted and Nonspendable Fund Balance $1,753,848 $1,756,718 $2,218,396

Less: Appropriated Fund Balance for the Ensuing Year $1,059,875 $872,640 $830,040

Less: Encumbrances $124,026 $229,478 $94,832

Unassigned Fund Balance at Year-End $935,556 $1,266,028 $815,826

Ensuing Year's Budget $18,711,110 $18,625,466 $18,993,248

Unassigned Fund Balance as a Percentage of Ensuing Year's Budget 5.0% 6.8% 4.3%


The Board adopted budgets that included the appropriation of fund balance totaling, on average, approximately $921,000 per year.However,becausetheDistrictexperiencedsurplusesin2012-13and2013-14,itonlyneeded$165,770,or19percentoftheappropriationtofinanceoperationsin2014-15.Asaresult,theDistrict’sunassignedfundbalancewasbetween4.3percentand6.8percentoftheensuingyear’sappropriations,orinexcessofthestatutorylimiteachyear.

When unused appropriated fund balance was added back, theDistrict’s recalculated unassigned fund balance was 11 percent of the ensuing year’s appropriations for 2012-13 and2013-14 andfurtherexceededthestatutorylimit(Figure3).During2014-15,theDistrict appropriated $830,040 for the 2015-16 budget. However,Districtofficialsprojectthatitwillnotbeneeded.Assuch,weexpecttheDistrict’s unassigned fund balancewill continue to exceed thestatutory limit.

Figure 3: Unused Fund Balance 2012-13 2013-14 2014-15

Unassigned Fund Balance at Year-End $935,556 $1,266,028 $815,826

Add: Appropriated Fund Balance Not Used to Fund Ensuing Year's Budget $1,059,875 $706,870 $830,040

Recalculated Unassigned Fund Balance $1,995,431 $1,972,898 $1,645,866

Recalculated Unassigned Fund Balance as Percentage of Ensuing Year's Appropriations 11% 11% 9%

As a result of these budgeting practices, the District appropriatedfundbalancethatwasnotusedtofinanceoperations,unassignedfundbalanceexceededthestatutorylimiteachyearandthepropertytaxlevy was higher than necessary.

Restricted fundsmay be established by Board action, pursuant tovarious laws, to provide financing for future projects, acquisitionsand other allowable purposes. Generally, school districts are notlimitedas tohowmuchmoneycanbeheldinrestrictedfunds,butshould maintain balances that are reasonable. The Board should adopt a formal plan for using these funds that includes how and when disbursementsshouldbemade,optimaltargetedfundinglevelsandprocedures for maintaining appropriate documentation to account for and monitor reserve activity and balances.

Restricted funds can reduce reliance on indebtedness to financecapitalprojectsandacquisitionsandprovideabudgetaryoptionthatcanreducetheneedtocutservicesorraisetaxes.Moneynotneededforcurrentpurposescanoftenbesetasideforfutureuse.Forexample,the District may set aside money in a capital project fund to restrict financialresourcesforexpendituresfortheacquisitionorconstructionof capital facilities and other capital assets, such as equipment.Planningaheadandsystematicallysavingforcapitalacquisitionsand

Restricted Funds


other contingencies is considered prudent management that can reduce or eliminate interest and other costs associated with debt issuances. Similarly, certain restricted funds can protect against unforeseencircumstances.

Asof June30,2015, theDistrict’sEBALR, retirement contributionreserveandworkers’compensationreservetotalednearly$2.1million,or approximately 11 percent of budgeted appropriations. Districtofficials have not established a formal plan including the rationaleforestablishingandmaintainingthesefunds,howmuchwouldbesetaside ineach reserve,howeach reservewouldbe funded,when thereserve funds would be used and under what circumstances a reserve should be discontinued.

We reviewed the District’s reserves and the capital projects fund to determine if the balances retained were reasonable. The balances retained in the EBALR and retirement contribution reserves werereasonable, based on supporting documentation. However, amountsretained in the workers’ compensation reserve and capital projects fundwereexcessive.

Workers’ Compensation Reserve – GeneralMunicipal Law (GML)authorizes school districts to create this reserve to pay for workers’ compensationbenefits,suchasmedical,hospitalorotherexpendituresauthorizedby theNewYorkStateWorkers’CompensationLawandexpendituresincurredtoadministeraself-insuranceprogramforsuchbenefits.AccordingtoGML,within60daysofthecloseofthefiscalyear,theDistrictshouldtransferanyexcessinthereservetoanotherauthorizedreserveorusetheexcesstofundtheworkers’compensationappropriation in the succeeding year’s budget.

District officials did not use this reserve during the last three fiscalyears.AsofJune30,2015,thereservebalancewas$331,957.BasedontheDistrict’sthree-yearexpenditureaverageof$9,560,thereservebalancecouldfundnearly35yearsofworkers’compensationexpenses.District officials indicated that $225,000 of the reserve’s balance isintended to fund the District’s potential withdrawal from participation initscurrenthealthinsuranceconsortium.However,thisuseoffundswould not be consistent with the legally authorized purpose for this reserve.

Capital Projects Fund–Districtofficialsusedthisfundtoaccountforand report restricted funds used to pay for capital building improvement expenditures.However,theBoarddidnotformallyestablishacapitalreservetoaccumulatefundstofinancethecostofcapitalimprovementsin accordance with Education Law.2 ____________________2 Formoreinformation,refertoourLocal Government Management Guide: Reserve

Funds at http://www.osc.state.ny.us/localgov/pubs/lgmg/reservefunds.pdf


Currently,theDistricthasmorethan$1.5millioninitscapitalprojectsfund.However,theresultsoftheDistrict’sNovember2014buildingconditionsurveyidentifiedandrecommendedcapitalimprovementsestimatedtocostapproximately$569,000.Districtofficialshavenotadoptedacapitalplantoidentifytheneedfortheexcessmoneyinthisfund.Consequently,theDistrictmaybebetterservedbyseekingvoterapprovaltoestablishandfundacapitalreservetofinancethelocalshareofcapitalprojectsandfunditwiththeexcessiveamountsin the capital projects fund and the District’s other reserve funds.

BecauseDistrict officials have not developed any formal, specificreserve or capital plans, the allocation of funds in the workers’compensation reserve and capital project fund may be inappropriate for the District’s needs. By planning today and saving incrementally forfutureevents,theDistrictcanreducethefinancialimpactofmajor,nonrecurringorunforeseenexpenditureson the annualbudget andreduce its reliance on issuing debt for capital improvement projects and purchases.

It is important for District officials to develop comprehensivelong-termfinancialandcapitalplanstoestimatethefuturecostsofongoing services and capital needs. Effective multiyear plans project operating and capital needs andfinancing sources over a three- tofive-yearperiodandallowDistrictofficialstoidentifyrevenueandexpendituretrends,setlong-termprioritiesandgoalsandavoidlargefluctuationsintaxrates.

Such plans also allow District officials to assess the merits ofalternative approaches such as using fund balance or establishing and using reserves to finance operations or capital improvements.These plans work in conjunction with Board-adopted policies and procedurestoprovideguidanceonthefinancialprioritiesandgoalsset byDistrict officials.District officialsmustmonitor and updatethese plans on an ongoing basis to ensure that decisions are guided by the most accurate information available.

While theBoard adopted afinancial accountability policy in 2009requiringtheadoptionofalong-termfinancialplanforbothcapitalprojectsandoperatingexpenses,theDistricthasnotdevelopedandadopted suchaplan.Amultiyearfinancialplancouldhavebeenavaluableresourceforofficialsthatwouldhaveallowedthemtomakemoreinformedfinancialdecisionsduringthebudgetprocess,whichmayhaveprevented:

• The District’s accumulation of unassigned fund balance that exceededthestatutorylimitand

Multiyear Plan


Recommendations

• The District’s unanticipated transfer of nearly $1.2 million to its capital projects fund in 2014-15 when the voter-approved budgetcontainedatransferof$250,000.

DevelopingamultiyearplanwouldbeausefultoolDistrictofficialscould use to address reducing the District’s unassigned fund balance towithin the statutory limit. Furthermore,multiyear plansare increasingly important due to legislative changes that limit the District’sability tofinanceoperations through tax increases.Whendevelopingamultiyearplan,Districtofficialsshouldremainawareof the potential for unanticipated reductions in State aid.Officialsshould also be sure to consider future needs and available revenue streams when developing this strategic plan.

TheBoardandDistrictofficialsshould:

1. Usesurplusfundsasafinancingsourcefor:

•Fundingone-timeexpenditures;

•Fundingneededreserves;and

•ReducingDistrictpropertytaxes.

2. Ensure that year-end unassigned fund balance complies with the statutory limit.

3. Discontinue the practice of adopting budgets that result in

the appropriation of unrestricted fund balance that will not be used to fund District operations.

4. Review reserve funds at least annually to determine if the amounts reserved are necessary and reasonable.

5. Create and adopt a formal plan that defines objectives foreach reserveestablished,optimalor targeted funding levelsandconditionsunderwhicheachfund’sassetswillbeused,replenished and discontinued.

6. Follow District policy by developing and adoptingcomprehensive multiyear financial and capital plans thataddress the prudent use of capital project funds and better manage the District’s unassigned fund balance and reserve funds. These plans should be updated regularly.


APPENDIX A

RESPONSE FROM DISTRICT OFFICIALS

TheDistrictofficials’responsetothisauditcanbefoundonthefollowingpages.

The District’s response letter refers to an attachment that supports the response letter. Because the District’sresponseletterprovidessufficientdetail,wedidnotincludetheattachmentinAppendixA.




APPENDIX B

AUDIT METHODOLOGY AND STANDARDS

Toachieveourauditobjectiveandobtainvalidevidence,weperformedthefollowingprocedures:

• WeinterviewedDistrictofficialsandstafftoobtainanunderstandingofDistrictoperations.

• We reviewed District policies and procedures and Board meeting minutes and resolutions to gainanunderstandingoftheDistrict’sbudgetdevelopment,useoffundbalance,reservesandmultiyear planning.

• WereviewedtheDistrict’sannualfinancialstatementsforfiscalyears2012-13through2014-15 and the accompanying management letters prepared by the District’s independent public accountant.

• We compared the general fund’s budgeted revenues and appropriations to actual revenues and expendituresfor2012-13through2014-15.

• We reviewed and analyzed fund balance levels in comparison to amounts appropriated in adoptedbudgetsfor2012-13through2014-15.

• Wereviewedallrestrictedfundbalancesandactivitytodetermineifthesefundswereadequatelyfunded,theamountsretainedwerereasonableandthefundscompliedwithapplicablelaws.

WeconductedthisperformanceauditinaccordancewithGAGAS.Thosestandardsrequirethatweplanandperform theaudit toobtainsufficient,appropriateevidence toprovidea reasonablebasisforourfindingsandconclusionsbasedonourauditobjective.Webelievethattheevidenceobtainedprovidesareasonablebasisforourfindingsandconclusionsbasedonourauditobjective.


APPENDIX C

HOW TO OBTAIN ADDITIONAL COPIES OF THE REPORT

OfficeoftheStateComptrollerPublicInformationOffice110StateStreet,15thFloorAlbany,NewYork12236(518) 474-4015http://www.osc.state.ny.us/localgov/

Toobtaincopiesofthisreport,writeorvisitourwebpage:


APPENDIX DOFFICE OF THE STATE COMPTROLLER

DIVISION OF LOCAL GOVERNMENTAND SCHOOL ACCOUNTABILITYAndrewA.SanFilippo,ExecutiveDeputyComptroller

GabrielF.Deyo,DeputyComptrollerTraceyHitchenBoyd,AssistantComptroller

LOCAL REGIONAL OFFICE LISTING

BINGHAMTON REGIONAL OFFICEH.ToddEames,ChiefExaminerOfficeoftheStateComptrollerStateOfficeBuilding,Suite170244 Hawley StreetBinghamton,NewYork13901-4417(607)721-8306Fax(607)721-8313Email:[email protected]

Serving:Broome,Chenango,Cortland,Delaware,Otsego,Schoharie,Sullivan,Tioga,TompkinsCounties

BUFFALO REGIONAL OFFICEJeffreyD.Mazula,ChiefExaminerOfficeoftheStateComptroller295MainStreet,Suite1032Buffalo,NewYork14203-2510(716)847-3647Fax(716)847-3643Email:[email protected]

Serving:Allegany,Cattaraugus,Chautauqua,Erie,Genesee,Niagara,Orleans,WyomingCounties

GLENS FALLS REGIONAL OFFICEJeffreyP.Leonard,ChiefExaminerOfficeoftheStateComptrollerOne Broad Street PlazaGlensFalls,NewYork12801-4396(518)793-0057Fax(518)793-5797Email:[email protected]

Serving:Albany,Clinton,Essex,Franklin,Fulton,Hamilton,Montgomery,Rensselaer,Saratoga,Schenectady,Warren,WashingtonCounties

HAUPPAUGE REGIONAL OFFICEIraMcCracken,ChiefExaminerOfficeoftheStateComptrollerNYSOfficeBuilding,Room3A10250VeteransMemorialHighwayHauppauge,NewYork11788-5533(631)952-6534Fax(631)952-6530Email:[email protected]

Serving:NassauandSuffolkCounties

NEWBURGH REGIONAL OFFICETennehBlamah,ChiefExaminerOfficeoftheStateComptroller33AirportCenterDrive,Suite103NewWindsor,NewYork12553-4725(845)567-0858Fax(845)567-0080Email:[email protected]

Serving:Columbia,Dutchess,Greene,Orange,Putnam,Rockland,Ulster,WestchesterCounties

ROCHESTER REGIONAL OFFICEEdwardV.Grant,Jr.,ChiefExaminerOfficeoftheStateComptrollerThe Powers Building16WestMainStreet,Suite522Rochester,NewYork14614-1608(585)454-2460Fax(585)454-3545Email:[email protected]

Serving:Cayuga,Chemung,Livingston,Monroe,Ontario,Schuyler,Seneca,Steuben,Wayne,YatesCounties

SYRACUSE REGIONAL OFFICERebeccaWilcox,ChiefExaminerOfficeoftheStateComptrollerStateOfficeBuilding,Room409333E.WashingtonStreetSyracuse,NewYork13202-1428(315)428-4192Fax(315)426-2119Email:[email protected]

Serving:Herkimer,Jefferson,Lewis,Madison,Oneida,Onondaga,Oswego,St.LawrenceCounties

STATEWIDE AUDITSAnnC.Singer,ChiefExaminerStateOfficeBuilding,Suite170244 Hawley Street Binghamton,NewYork13901-4417(607)721-8306Fax(607)721-8313

Documents

Montauk Union Free School District – Financial Condition...Following is a report of our audit of the Montauk Union Free School District, entitled Financial Condition. This audit