Released: March 9, 2012 -- [read complete report - pdf]
Purpose of Audit
The purpose of our audit was to review the Town’s long-term plan for wind power revenues for the period January 1, 2010, to August 31, 2011.
The Town of Chateaugay is located in Franklin County. The Town Board, which is the legislative body of the Town, consists of the Town Supervisor and four council members. The Town’s budgeted appropriations for the 2011 fiscal year were approximately $1.7 million.
The Town has received $2,451,759 in wind power-related revenues during the period January 1, 2007, through August 31, 2011. The Town’s wind power revenues have resulted in a substantial reduction in property taxes and a growing fund balance. Further, wind power revenues have resulted in significant infrastructure improvements and the purchase of equipment that would have had to be funded by property taxes, or not completed.
Local Government and School Accountability Contact Information:
Phone: (518) 474-4037; Email: email@example.com
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236