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Bolivar-Richburg School audit raises issues, school responds

Here is a summary of an audit conducted by the NYS Comptroller's Office regarding the financial management of the Bolivar-Richburg school:
Auditors compared budgeted appropriations and estimated revenues with actual operating results for 2015-16 through 2017-18 and found that appropriations were overestimated by an average of $1.3 million (7 percent) each year or a total of almost $3.8 million. As of June 30, 2018, surplus fund balance totaled almost $1.5 million, 7 percent of the 2018-19 budgeted appropriations, exceeding the statutory limit by approximately $626,000.
The full audit can be reviewed HERE. 
This is the response from the school:

from Wellsville Regional News (dot) com http://bit.ly/2WKkCmb
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