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September 13, 2013

State wants Ticonderoga Central to plan ahead

(Continued)

They’re doing all those things, McDonald said.

“We’re going to tweak some things, and there are no problems at all. They said, ‘Keep doing what you’re doing.’”

He said the state auditor was very good to work with and gave them excellent fiscal advice.

“They were very complimentary on some of our internal controls. They said some good things (about district operations), but it didn’t make it into the report.”

RESERVE FUNDS

The report said the long-range plan should consider many factors.

“District officials should formulate a plan that takes into consideration projected enrollment trends, current economic conditions, the recent trend of reductions in state aid and the impact of the new property-tax-cap law on revenue projections. 

“Further, the increases in employee salary and benefit costs, including medical insurance and required contributions to the retirement systems, must be addressed in the plan.”

The School Board must also evaluate the establishment and future use of reserve monies, the audit said.

The district’s 2011-12 fund balance from the previous year was only $384,000.

“Trends in student population changes should be analyzed, and the future impact on programs should be anticipated,” the audit advised.

“A well-designed plan can assist the board in making timely and informed decisions about the district’s programs and operations.”

McDonald said the multi-year financial plan was developed for use starting with the 2013-14 school year and is part of business office’s duties, with oversight from the School Board and superintendent.

Email Lohr McKinstry:lmckinstry@pressrepublican.com

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