Comptroller DiNapoli Releases Municipal Audit
New York State Comptroller Thomas P. DiNapoli today announced his office completed the audit of the Town of Cuba – Gravel Pit Operations.
"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."
Town of Cuba - Gravel Pit Operations (Allegany)
Town officials are responsible for ensuring that they procure necessary quantities of highway materials in the most economical manner and in compliance with statutory requirements. However, the Town of Cuba will pay $116,000 over 10 years to lease property for use as a gravel pit when it could have bought property for this purpose for as little as $22,800, or purchased gravel from a vendor. The town's overall cost for operating the gravel pit will be even higher because it must reclaim the land after mining operations are finished. The town made this uneconomical choice because officials did not properly analyze the cost benefit of the lease versus other options.
For a copy of the audit, click here.