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NYS Comptroller

THOMAS P. DiNAPOLI

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.

Background

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: 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