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March 22, 2011

 

Comptroller DiNapoli Releases Municipal Audits


New York State Comptroller Thomas P. DiNapoli today announced his office completed the audits of the City of Olean (Cattaraugus County) and Rensselaer County.

"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 Olean, Budget Review (Cattaraugus County)
Except for certain matters, DiNapoli’s auditors found that the significant revenue and expenditure projections in the proposed budget were reasonable. The city made good progress in improving its financial condition. However, the city has not implemented recommendations made in prior budget reviews or audit reports. For example, the city does not use available debt reserve funds to finance debt service costs, and the city still lacks a comprehensive plan for identifying its capital needs. Further, the city auditor did not prepare the financial reports city officials need to monitor operations, or include essential year-to-date actual revenue and expenditure data in the proposed budget.

Rensselaer County, Fleet Management Operations
The vehicle maintenance records at the Automotive Maintenance Garage were generally well maintained and a valuable resource for county officials to use to track maintenance costs for individual vehicles. Auditors encourage county officials to continue to maintain these records and use them to allocate maintenance costs to the appropriate departments.


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