Office of the Business Manager
The Business Office is responsible for preparing accounting records and producing financial reports while ensuring that our school district complies with state and federal laws. During the 2018-2019 school year, the business office monitored the voter approved budget of $26,733,000. We collected and reconciled over $16 million in state aid and $6 million in property taxes. Our office also processed approximately $9 million in payroll for over two hundred full-time, part-time and substitute employees.
At least monthly, we measure the expected outcome of all revenue and expense amounts to the actual amounts received and spent. Through this continuous monitoring process, we are able to make accurate revenue and expenditure projections which is crucial for long-term planning in the district.
Currently, the district is being audited by the Office of the NYS Comptroller. These audits are conducted at a minimum of once every five years. We are looking forward to the outcome of this audit and recommendations to safeguard assets and improve efficiencies.
Each summer, the district is also audited by an external auditor. This process takes several weeks to complete. Financial records are reviewed and testing is performed in order for the auditor to attest that our financial statements are accurate. Completed audit reports can be found on the school website.
For the 2019-20 school year, the business office will be developing a multi-year financial plan which includes revenue and appropriation projections, monitoring the tax cap calculation, and strategic use of reserves and fund balance. This type of planning allows the Board of Education and administrators to make thoughtful and informed decisions regarding district goals and priorities that have a lasting impact on the district.
Pulaski has a tradition of sound financial planning and we take very seriously our obligation to safeguard the district’s fiscal health while providing a robust educational program for our children. The PACS Board of Education and administrative team will continue to communicate, collaborate, and be strategic with our resources to build a program that we can all be proud of.