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NYS Comptroller


Audits of Local Governments and School Districts

Town of Neversink – Multiyear Planning and Fund Balance Management (2017M-260)

Released: February 9, 2018 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to determine whether the Board had multiyear plans for the fund balance and reserves in the general and highway funds for the period January 1, 2016 through August 17, 2017.


The Town of Neversink is located in Sullivan County and has a population of approximately 3,600. The District is governed by an elected five-member Town Board. Combined general and highway fund budgeted appropriations for 2017 totaled $4,747,100.

Key Findings

  • The Board adopted realistic budgets from 2014 through 2016, and Town officials appropriately used the machinery capital reserve to replace equipment as planned.
  • The Board has not developed formal written fund balance and reserve policies or comprehensive multiyear financial and capital plans.

Key Recommendation

  • Adopt comprehensive multiyear financial, capital and fund balance and reserve policies and use them in conjunction with the annual budget process.

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