DiNapoli's Office Completes Audit of
Town of Hastings
New York State Comptroller Thomas P. DiNapoli today announced his office completed the audit: Town of Hastings – Financial Condition and Internal Controls Over Financial Operations
“My office’s audits of local governments improve their financial management practices,” DiNapoli said. “To ensure taxpayer dollars are being protected and used for their intended purpose, the Town of Hastings must adopt structurally balanced budgets in all town funds and eliminate existing fund balance deficits carried over from prior years.”
DiNapoli’s auditors noted that as of December 31, 2009, the town’s town-wide and part-town highway funds, as well as several special district funds, had deficit fund balances. The deficits occurred primarily because the board appropriated more fund balance than was available, did not effectively monitor the budget throughout the year and failed to eliminate existing fund balance deficits carried over from prior years. The lack of accurate up-to-date accounting records has also hindered the board’s ability to make informed budget decisions.
In addition, DiNapoli’s auditors noted that the supervisor did not maintain timely and accurate accounting records and reports, did not ensure that bank accounts were reconciled each month and did not submit annual financial reports to the Office of the State Comptroller on a timely basis.
Further, auditors from DiNapoli’s office found that the board did not adequately segregate duties. One employee handled all aspects of the billing and collection of sewer rents. Furthermore, the board did not require timely annual audits of the records and reports of the supervisor.
Click here for a full copy of the audit.
If you have any questions, or would like a comment from the Comptroller’s press office regarding this audit, please call 518-474-4015, or send an email to firstname.lastname@example.org.