NYS Comptroller’s auditors find Beekmantown School District did not develop and manage a comprehensive investment program
Auditors estimate the district could have realized $1 million in additional revenues
Auditors determined that the district’s investments were legal, safe and liquid. However, district officials did not develop and manage a comprehensive investment program. For example, during the audit period, officials did not prepare any cash flow forecasts to estimate funds available for investment or solicit interest rate quotes from financial institutions. As a result, officials missed an opportunity for the district to realize additional revenues of more than $1 million.
Posted: September 16th, 2026 under Education News, General News, Northern NY News, State Government News, Upstate New York.