DiNapoli's Office Completes Audit of
Village of Randolph
New York State Comptroller Thomas P. DiNapoli today announced his office completed the audit:Village of Randolph – Internal Controls Over Debt Proceeds and Cash Receipts.
“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. The Village of Randolph should develop a plan to address the deficit in the general fund and should ensure cash receipts are safeguarded and collections are deposited intact.”
DiNapoli’s auditors found that internal controls were not adequately established to safeguard village assets. In addition, debt proceeds of $150,000 were inappropriately used to refund expenditures from the general fund.
Further, significant cash collection weaknesses existed and the clerk-treasurer could not provide DiNapoli’s auditors with certain cash receipts records necessary to complete the audit. Due to this scope limitation, DiNapoli’s auditors were unable to adequately establish whether all cash received was appropriately recorded and subsequently deposited in village bank accounts.
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.