The Board did not adopt or enforce adequate disbursement policies.

The Village Board and officials need to improve controls over water fund financial operations.

Significant estimated revenues and budgeted expenditures in the $71.7 million adopted budget for the 2020-21 fiscal year are not reasonable. District officials were unable to produce sufficient documentation that their appropriations for employee benefits, the re-institution of its athletics program, and certain utilities are adequate. Additionally, overtime costs will need to be monitored closely to ensure they do not exceed budgeted appropriations. Consequently, the 2020-21 appropriations may be underbudgeted by at least $2.7 million and the District may not have sufficient resources to meet its financial obligations unless the Superintendent and Board implement budget cuts in the 2020-21 budget.

District officials need to improve budgeting practices to more effectively manage fund balance.

The Board did not ensure that certain credit card charges were supported, for appropriate purposes or paid timely.

Authority officials did not ensure that information technology (IT) systems were adequately secured and protected against unauthorized use, access and loss.

District officials did not maintain complete and accurate hardware or software inventory records and did not perform comprehensive inventory counts.

The Board and Village officials did not develop realistic budgets and long-term financial plans.

The Board provided inadequate and ineffective oversight of the District's operations and did not comply with General Municipal Law (GML) financial filing and audit requirements.

The District did not apply for all the State aid to which it was entitled for new bus acquisitions and borrowed more than necessary for bus purchases.

District officials did not ensure that information technology (IT) systems were adequately secured and protected against unauthorized use, access and loss.

The Board and Village officials did not adequately manage the Village's financial condition.

District officials need to improve budgeting practices to more effectively manage fund balance.

District officials could improve their management of the District' fund balance and reserves.

The Board did not provide proper oversight of the Village's financial operations.

City officials could improve information technology (IT) security controls to safeguard water system operations against unauthorized access or disruption.

District officials did not provide effective oversight to ensure compliance with required building safety at the junior-senior high school (JSHS).

The Board and District officials did not properly manage fund balance.

The Office of the State Comptroller, as Fiscal Agent for the City of Yonkers (City), determined that the City's adopted budget for fiscal year 2020-21 and the related justification documents are in compliance with the requirements of the Fiscal Agent Act. However, we wish to comment on the following issues which impact the City's financial condition in the current and future years.

The Board did not perform an adequate annual audit of, or retain an independent public accountant to audit, the records of the Clerk, golf course and toboggan chute.