Purpose of Audit

The purpose of our audit was to determine whether District officials implemented measures to achieve cost savings and address rising health insurance costs for the period January 1, 2013 through December 31, 2015.

Background

The Franklin Central School District is located in six towns of Delaware and Otsego Counties. The District, which operates one school with approximately 260 students, is governed by an elected five-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $6.7 million.

Key Finding

• District officials achieved health insurance cost savings by changing health insurance carriers and offering employees a buyout incentive.

Key Recommendations

• There were no recommendations as a result of this audit.