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NYS Comptroller


Audits of Local Governments and School Districts

Village of Speculator – Claims Auditing (2017M-25)

Released: April 7, 2017 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to determine whether Village officials established effective procedures to ensure claims were properly audited, adequately supported and for a legitimate Village purpose for the period June 1, 2015 through October 31, 2016.


The Village of Speculator is located in the Town of Lake Pleasant in Hamilton County and has a population of approximately 320. The Village is governed by an elected five-member Board of Trustees. Budgeted appropriations for the 2016-17 fiscal year totaled approximately $1.6 million.

Key Finding

  • Village officials have established adequate procedures to ensure that claims are sufficiently documented and supported, are for legitimate Village purposes and are audited and approved before payment.

Key Recommendations

  • There were no recommendations as a result of this audit.

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