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Audit: Excess cash reserves for Carle Place schools
In a critical financial report that follows an increasingly familiar pattern, the state faults Carle Place schools for accumulating nearly $4.3 million in what it considers excess cash reserves.
The audit report, released Monday by the state comptroller's office, finds that those reserves by the end of the 2007-08 school year amounted to about 10 percent of the district's budget - far above...
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