From The Journal News/lohud’s Hall Monitor education blog:
The state comptroller’s office gave the Hendrick Hudson School District high marks for its budget process in an audit of the period July 2011 through June 2013.
The audit said the “district officials developed reasonable budgets and managed fund balance responsibly in accordance with statue.”
Although the fund balance had dropped by nearly half between 2009 and 2013, the audit said, “the district is not currently in fiscal stress. The decline resulted from the district’s planned operating deficits and planned use of moneys from its tax stabilization reserve.”
In summing up the district’s fiscal handling, the auditors “commend district officials for their progressive involvement in managing the district’s financial condition.”
District officials, in their official response, thanked the auditor’s office for its expertise, called the audit helpful and added, “it was important for both the Board of Education and administration to get an independent audit to ensure that the business office is run based on best practices.”