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NYS Comptroller


Audits of Local Governments and School Districts

Town of Greene – Budget Practices (2016M-409)

Released: February 10, 2017 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to examine Town officials’ budget practices for the four major operating funds, which include the general and highway town-wide funds and the general and highway town-outside-village funds, for the period January 1, 2015 through October 11, 2016.


The Town of Greene is located in Chenango County and has a population of approximately 5,600. The Town is governed by an elected five-member Town Board. Budgeted appropriations for 2017 total approximately $2.3 million.

Key Findings

  • The Board did not develop realistic budgets for its four major operating funds, which resulted in operating surpluses.
  • Town officials have not developed a policy for acceptable levels of fund balance to maintain.
  • Town officials have not developed long-term financial and capital plans.

Key Recommendations

  • Develop and adopt budgets that include realistic estimates for revenues and expenditures.
  • Develop a fund balance policy that establishes the levels of fund balance, including reserves, to be maintained in each fund to meet the Town’s needs.
  • Develop comprehensive multiyear financial and capital plans.

Local Government and School Accountability Contact Information:

Phone: (518) 474-4037; Email:
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236