NYS Comptroller Tom DiNapoi said Tuesday his office will now audit the Roosevelt Union Free School District on what it calls a "real time" basis. The Comptroller will determine whether the school district is monitoring spending and staying within it's 2007-08 budget.

?The Roosevelt school district has struggled with fiscal issues for years, and its deficit has grown so large that it threatens ongoing operations. To protect the interests of the Roosevelt community and its students and taxpayers, we will take unprecedented action to establish fiscal discipline and good financial management practices at Roosevelt schools,? DiNapoli said.

A recent audit found the district spent about $12 million more than it budgeted over the last two years. The Roosevelt Union Free School District has been under state control since March of 2002. The first and still only district in the state with that dubious distinction.

According to DiNapoli, ?For the first time ever at a school district in New York State, our auditors will provide intensive monitoring of daily financial transactions on a real-time basis, to ensure that the district is spending within budgeted appropriations. We will report on our findings quarterly to ensure total accountability and allow the community to monitor the district?s progress toward fiscal stability.? Keep watching News 12 Long Island for the latest developments in this on-going story.