The Daily Gazette
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Pension benefits concern of audit of school district

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Scotia-Glenville officials received a generally positive audit of the district’s $47 million 2011-2012 budget, but were cautioned about long-term liabilities and use of surplus accounts. Auditor Jim Amell of Marvin and Company said the district’s finances were largely sound. “The financial statements are fairly stated in accordance with general accepted accounting principals,” he said. However, Amell pointed out that the Scotia-Glenville Central School District’s expenditures exceeded its revenues by $1.2 million in 2011-2012. Fortunately, general ...

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