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NYS Comptroller

THOMAS P. DiNAPOLI

Taxpayers' Guide to State and Local Audits

Audits of Local Governments and School Districts

Town of Jasper – Financial Management (2015M-150)


Released: November 20, 2015 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to review the Town’s financial operations for the period January 1, 2012 through April 20, 2015.

Background

The Town of Jasper, which has a population of approximately 1,400, is located in Steuben County. The Town is governed by an elected five-member Town Board. Budgeted appropriations for 2015 total approximately $867,000.

Key Findings

  • Town officials failed to budget accurately, and the Town’s major operating funds are experiencing fiscal stress as a result.
  • Interfund advances from the general fund to the sewer fund have not been repaid as required.
  • The Board has not developed a comprehensive multiyear financial plan.

Key Recommendations

  • Develop and adopt structurally balanced, realistic budgets and better monitor financial activity throughout the year.
  • Develop a plan for the sewer fund to repay the temporary advances.
  • Develop and adopt a multiyear financial plan for long-term operating and capital needs.

Local Government and School Accountability Contact Information:

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