Niskayuna CSD Audit & Finance Committee Meeting

The Niskayuna Central School District Audit & Finance Committee met on June 13, 2026, to discuss several key financial and procurement-related topics. The meeting included a detailed presentation by auditors from the Bonado Group on the 2025-2026 independent audit process, including timelines, responsibilities, and compliance with government auditing standards. The committee reviewed the district's fiscal year-end reserve fund plan, emphasizing the importance of maintaining reserves to stabilize the tax levy, support capital projects, and respond to unanticipated events. The discussion also covered the district's self-funded health insurance reserve and the legislative efforts to establish it. Additionally, the committee received an update on the 2027 capital project planning, with an estimated project size of approximately $50 million focusing on infrastructure improvements, auditorium renovations, bus garage upgrades, and electric vehicle readiness. The meeting concluded with positive feedback on the merged Audit & Finance Committee format and approval of the previous meeting minutes. No specific contract awards or vendor selections were reported, but the capital project planning and reserve fund strategies indicate ongoing procurement and budgeting activities for future infrastructure investments.