Purpose of Audit

The purpose of our audit was to review the District’s financial management for the period July 1, 2010 through August 6, 2015.

Background

The Southern Cayuga Central School District is located in the Towns of Venice, Locke, Genoa, Scipio, Fleming and Ledyard in Cayuga County, and the Town of Lansing in Tompkins County. The District, which operates two schools with approximately 720 students, is governed by an elected seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year are approximately $16.4 million.

Key Findings

• District officials have generally taken appropriate action to manage the District’s financial condition.
• The District’s multiyear financial plan does not address its debt share or declining enrollment.

Key Recommendations

• Continue to closely monitor the District’s financial condition and identify opportunities for costs savings and efficiencies.
• Develop and adopt a multiyear financial and capital plan that address the District’s increasing debt, use and funding of reserves and any economic or environmental factors.