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Board accepts external audit, auditors say district in sound financial position
Summary
The Manchester-Shortsville Central School District Board received and approved the external audit for year ending 06/30/2025, with auditors reporting about $9.4 million in assets, manageable liabilities and a planned $2.7 million drawdown of fund balance tied to capital projects and reserves.
The Manchester-Shortsville Central School District Board of Education on Wednesday received and approved the district’s external audit and corrective action plan for the fiscal year ended June 30, 2025.
Auditors from the district’s contracted firm presented the basic financial statements and an executive summary, saying the district held ‘‘a little over $9,400,000 in assets primarily, cash’’ and about $1,100,000 in liabilities, the largest piece related to retirement-system obligations. ‘‘Overall your fund balances went down from last year to this year by $2,700,000,’’ the auditor said, adding that the reduction was planned and tied to reserve appropriations for capital projects and bus purchases.
The presentation broke down reserve accounts — nonspendable, restricted, assigned and unassigned — and explained that the district had used roughly $4.3 million of capital reserve funds for projects while retaining a portion for future work. Auditors said the district’s unassigned fund balance was at about 4%, consistent with guidance tied to real property tax law limits and local reserve planning.
Board members asked clarifying questions about statutory caps on certain reserves and the presentation’s figures; the auditors said only a small set of reserves carries legal caps (for example, a liability reserve capped at 3% of the budget and a teacher retirement contribution reserve with statutory funding limits), while most reserve decisions are local and guided by an adopted reserve plan. The audit team reported no significant deficiencies or material weaknesses in internal controls, but recommended enhanced federal-program procedural documentation.
Board members then moved to accept the audit report and corrective action plan. The board approved the action by voice vote; the meeting record shows the board chair calling for the vote with responses of "Aye" and no members recorded in opposition.
What’s next: the corrective action plan presented with the audit will guide any recommended changes in procedures, and staff indicated the district will provide follow-up as required in future reports.
