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Depew District Investment Audit Highlights Missed Opportunities
New York State Comptroller reviewed Depew Union Free School District investments from Jan 1 2022 to Apr 30 2023. The audit questions whether officials built a comprehensive program and suggests potential gains of about 487000 were left on the table. The report urges formal written investment procedures and renewed efforts to pursue higher return institutions. Superintendent Hank Stopinski says district sought best rates and that miscommunication affected drafting the final report.
MENTIONED IN THIS ARTICLE
State Comptroller’s Office
Comptroller’s Office
New York City
Comptroller
Depew Union Free School
Comptroller’s
Hank Stopinski
Stopinski
Office of
the State Comptroller
Fiftd
New York