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Audit finds Pine Valley has unexpended surplus funds

August 1, 2014
OBSERVER Staff Report , Observer Today

SOUTH DAYTON - The Pine Valley Central School has not managed its annual budgets and fund balances properly, according to a New York State Comptroller Thomas DiNapoli. According to a recent audit report from the comptroller's office, the district had an excess of $2.4 million that should have been used to benefit taxpayers, in addition to reserve accounts not maintained in accordance with statutory requirements.



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