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August 11, 2009

 

DiNapoli's Office Completes Local Government Audit

State Comptroller Thomas P. DiNapoli today announced his office completed the Village of Tannersville – Financial Condition and Internal Controls Over Selected Financial Activities.

“My office’s audits of local governments improve their financial management practices,” DiNapoli said. “These audits are tools for local officials to make sure proper policies and procedures are in place to protect taxpayer dollars and provide the best possible service these taxpayer dollars can deliver.”

Village of Tannersville – Financial Condition and Internal Controls Over Selected Financial Activities
The board did not effectively monitor the village’s financial condition, which has declined over the past four years. The village’s unreserved fund balance in the general fund declined from $130,339 as of May 31, 2003, to $1,351 as of May 31, 2007. The clerk-treasurer did not provide periodic financial reports to the board, and the board did not provide proper oversight of the clerk-treasurer’s work – or of the village’s financial condition – when it failed to require the clerk-treasurer to submit periodic financial reports to the board. The board had not established adequate internal controls over cash receipts and disbursements, garbage bag sales and information technology. In addition, the village’s amount of unaccounted-for water was significantly greater than industry standards. We estimate that the 33,290,717 gallons of unaccounted-for water would be valued at $170,792. Finally, by effectively enforcing unpaid outside-village water rent charges, the water fund could collect an additional $52,000 in cash receipts.

Click here for a copy of the audit. If you have any questions or would like a comment from the Comptroller’s office regarding this audit, please call 518-474-4015.


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