Purpose of Audit

The purpose of our audit was to review the energy performance contract and the projected cost and/or energy savings achieved by BOCES for the period July 1, 2014 through September 30, 2015.

Background

The Tompkins-Seneca-Tioga BOCES is located in Tompkins County and is an association of nine component school districts. Governed by a nine-member Board of Education elected by the boards of the component districts, the BOCES operates nine buildings with approximately 900 students Budgeted appropriations for the 2015-16 fiscal year are $42.9 million.

Key Finding

• The energy performance contract is projected to achieve the guaranteed energy cost savings of $4.1 million over the life of the contract and an additional $204,000 as a result of savings achieved during the four year construction period that were not included in the original contract. We project BOCES will realize an additional $112,000 in reduced energy consumption costs over the EPC’s life.

Key Recommendations

• There are no recommendations in this report.