POTSDAM After spending approximately $250,000 of its unallocated fund balance last year, the Potsdam Central School District is now in compliance with recommendations limiting that account.
Roy J. Chip Clark, an accountant with DArcangelo & Co., Syracuse, told the Board of Education its fund balance had dropped from 5 percent to 3.8 percent of its budget, saying that at the close of the year the district had an unallocated fund balance of $1,012,002.
The lone negative in the audit, which Mr. Clark said he notes on every school audit he completes, is for a lack of controls over the districts extra classroom activities fund.
Mr. Clark said with students participating in fundraisers and handling money outside of school, it is impossible to be sure all of the money is properly accounted.