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June 30, 2009

DiNapoli’s Office Completes Local Government Audit

State Comptroller Thomas P. DiNapoli today announced his office completed the City of Amsterdam Budget Review.

“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.”

City of Amsterdam – Budget Review
The city’s significant revenue and expenditure estimates may not be achievable. Auditors estimate that the city’s 2008-09 deficit will be $860,000, almost seven times higher than the city’s estimate of $128,000. The city’s contingency account may not be adequate to provide the flexibility needed if sales tax revenues do not meet expectations. City officials need to monitor the budget closely and develop a realistic long-term plan to guide future financial choices.

If you have any questions or would like a comment from the Comptroller’s office regarding this audit, please call the Press Office at 518-474-4015, or send an email.

Click here for a copy of the audit.



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