Yonkers School District Misplaced $225K in Equipment, Auditors Say

The Yonkers School District misplaced more than $225,000 worth of equipment between July 2013 and April of this year, according to state Comptroller Thomas P. DiNapoli.

In a report released by DiNapoli’s office, Yonkers appeared not to have followed its own policies relating to record-keeping of some assets.

“We found that 10 assets valued at $225,307 could not be located and 10 assets valued at $91,704 were either not tagged or the asset tag information on the tag did not agree with the accounting records.

The report added, “As a result, District offi cials and taxpayers have no assurance that all District property can be accounted for.”

To correct the shortcomings, the report recommended the district take the following steps:

1. Ensure that all fixed assets valued at $500 or greater for insurance purposes and $5,000 or greater for inventory and depreciation purposes have tags affi xed to them and are included on the appropriate asset list(s).
2. Maintain accurate, up-to-date records of asset transfers.
3. Review the inventory list each year to ensure the tag numbers on the lists match the tag numbers on the assets.
4. Locate the missing inventory items identified in this report.
5. Ensure all disposal requests forms are submitted to the District office as required.

Interim School Superintendent Dr. Edwin Quezada, in a letter acknowledging the audit’s findings, promised the district “will fully address all recommendations.”

Click here to read the state comptroller’s report.