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June 21, 2012

 

Comptroller DiNapoli Releases Municipal Audit

New York State Comptroller Thomas P. DiNapoli today announced his office completed the audit of the Town of Orchard Park.

“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 Orchard Park – Financial Management (Erie County)
The town accumulated excessive fund balances in nine special districts at the end of the 2010 fiscal year by adopting budgets that underestimated revenues and/or overestimated expenditures. Auditors found the town has nearly $1.4 million sitting idle in 18 capital projects funds and more than $866,200 in cash and fund balance in special revenue funds that should be recorded and reported in the general fund.



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