Audit report: Avon Central School District mismanaged its finances

ROCHESTER, N.Y. (WROC) — The Avon Central School District was found to have mismanaged its finances, according to the NYS Comptroller's Office.

The audit report revealed the district appropriated around $300,000 in fund balance for each of the last five adopted budgets that were not needed or used for operations. However, the report says the district incurred surpluses totaling $8.2 million in all five years reviewed.

Furthermore, it was discovered the district reported 13 reserves that totaled around $12.1 million, with a $1.3 million debt reserve. Even though each reserve had resolutions, they did not always provide the targeted funding levels or when it would be funded. The report also found the district had no written multiyear financial or capital plans.

The Avon Central School District shared a statement in the report, saying all insights and recommendations given by the Comptroller's Office will be used to improve their financial practices.

The Comptroller's Office recommended that Avon CSD develop and adopt budgets with reasonable estimates, review and amend reserve policy and reserve fund balances, and develop financial and capital plans.

Full Report

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You can read or download the full audit report above.