Purpose of Audit

The purpose of our audit was to review the District’s financial condition for the period July 1, 2013 through April 21, 2015.

Background

The Greenburgh Eleven Union Free School District is a special act school district located in Dobbs Ferry, Westchester County. The District, which operates one schools with 186 students, is governed by a seven-member Board of Education. Budgeted appropriations for the 2014-15 fiscal year totaled approximately $14 million.

Key Findings

• The District has experienced a steady decline in tuition revenues and consistently decreased expenditures to offset the declines in revenues.
• Tuition accounts receivable records and the District’s financial reports were inaccurate.

Key Recommendations

• Continue to closely monitor revenues, expenditures and fund balance throughout the year and take corrective action, when necessary.
• Reconcile the individual accounts to the control account of accounts receivable and rectify any differences identified.