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NYS Comptroller’s auditors find Beekmantown School District did not develop and manage a comprehensive investment program
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NYS Comptroller’s auditors find Beekmantown School District did not develop and manage a comprehensive investment program
Auditors estimate the district could have realized $1 million in additional revenues Auditors determined that the district’s investments were legal, safe and liquid. However, district officials did not develop and manage a comprehensive investment program. For example, during the audit period, officials did not prepare any cash flow forecasts to estimate funds available for investment
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