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April 17, 2013

 

Comptroller DiNapoli Releases Municipal Audits

New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of the Town of Edwards, Village of Endicott, Town of New Lisbon, City of Oneonta, Town of Stephentown and the Village of Yorkville.

“My office's audits of local governments improve their financial management practices," DiNapoli said. "These audits are tools for local officials to make sure proper policies and procedures are in place to protect taxpayer dollars and provide the best possible service these taxpayer dollars can deliver."

Town of Edwards – Internal Controls Over Selected Financial Operations (St. Lawrence County)
Town officials did not adequately monitor the town’s financial operations and take timely action to maintain financial stability. The fund balances in the town’s major operating funds fluctuated significantly over the last four years primarily because officials over-appropriated fund balance in the budget and allowed the budget to be overspent. In addition, duties relating to the town’s financial operations are not adequately segregated.

Village of Endicott – Budget Review (Broome County)
Auditors found that the significant revenue and expenditure projections in the tentative budget for the general, electric, library, and parking funds are reasonable. The water and sewer funds’ tentative budgets, however, are not balanced and include a deficit of more than $203,000 and $220,000. Village officials plan to raise water and sewer rates to make up the difference. The village’s tentative budget complies with the property tax levy limit.

Town of New Lisbon – Financial Oversight (Otsego County)
The town board did not meet the fundamental expectations of their financial oversight responsibilities. Auditors found the town supervisor paid claims without board audit and key financial duties were performed by the supervisor’s bookkeeper and the town justice’s clerk without sufficient oversight.

City of Oneonta – Departmental Collections (Otsego County)
Auditors reviewed moneys collected by the city’s finance office, public transportation office, water department and city clerk’s office. Although the finance office receives bank deposit receipts and monthly bank statements, it cannot be sure that all money collected for water testing and at the transportation office is actually recorded and deposited.

Town of Stephentown – Records and Reports (Rensselaer County)
The town does not have complete, accurate, and up-to-date accounting records. The town supervisor has not filed the required Annual Update Document with the Office of the State Comptroller for the past three years. As a result, the board could not properly monitor and manage town financial operations.

Village of Yorkville – Budget Review (Oneida County)
Auditors found that the significant revenue and expenditure projections in the tentative budget are reasonable. However, the village has very limited fund balance and has proposed a limited contingency account. The village should consider increasing the contingency appropriation in its adopted 2013-14 budget. The village’s tentative budget complies with the property tax levy limit.

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