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District staff reports reconciliation complete; auditors scheduled and DASNY bond paperwork to be signed
Summary
Business staff told the board the 2025-26 reconciliation is complete, auditors will review internal controls in mid-June and return for financial statements in early September, and bond paperwork with DASNY to shift short-term borrowing to long-term will be signed by the president.
A district staff member reported financial-administration items to the Cohoes City School District board, including reconciliation, audit scheduling and bond paperwork. The staff member said the 2025-26 reconciliation is complete and filed with the city, and that auditors will be here in mid-June for internal-controls review and will return in early September for the financial-statement portion of the audit.
The staff member told the board that bond paperwork needs president's signature to move short-term borrowing into long-term financing with the Dormitory Authority of the State of New York (DASNY) and that DASNY appears likely to offer a favorable rate. The staff member also noted procurement timing: bidding for a high-school exam forum is due on 06/10 and bid results are expected for the next agenda.
The report included routine calendar coordination and event scheduling; the staff member said the president will sign bond paperwork today and that staff will bring bid results to a future meeting.
