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May 22, 2012

 

State Comptroller DiNapoli Releases Municipal Audits

New York State Comptroller Thomas P. DiNapoli today announced his office completed the audits of the Town of Bath, Village of Bath, Town of Lloyd, Town of Moreau, Town of Parish, Town of Saugerties and the Town of Taghkanic.

“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 Bath – Financial Management (Steuben County)
The town board did not adopt detailed policies and procedures for its budget preparation process and the routine monitoring of the budget against actual operating results during the year. The audit found that because of the board’s consistently poor budgeting practices, three operating funds experienced significant declines in fund balance from the 2007 to the 2011 fiscal years.

Village of Bath – Audit Follow Up (Steuben County)
Auditors found the village has made significant progress implementing corrective action. Of the 27 previous audit recommendations, 21 recommendations were implemented, five were partially implemented, and one was not implemented.

Town of Lloyd – Internal Controls Over Selected Financial Operations (Ulster County)
The town board, as a collective whole, does not audit and approve claims as required, but rather establishes an audit committee, consisting of one board member, to audit and approve claims for payment. Auditors also found that one board member, who is the owner of a hardware store, had a prohibited interest in a contract with the town.

Town of Moreau – Financial Management (Saratoga County)
The board has not developed accurate budget estimates or a formal, comprehensive multi-year financial and capital plan to address the town’s long-term operational and capital needs. As a result, the town-wide general fund, part-town general fund, and four of the town’s six water districts have accumulated excessive amounts of unexpended surplus fund balance.

Town of Parish – Financial Condition (Oswego County)
Auditors found that the financial condition in the town’s general town-wide fund has declined in recent years from a fund balance of $214,204 at the end of 2008 to a fund balance of $735 at the end of 2010.

Town of Saugerties – Internal Controls Over Selected Financial Activities (Ulster County)
Town officials do not maintain an inventory of computer assets, or a list of system users and their access abilities. In addition, there is no policy to notify affected individuals if their personal information is compromised. Auditors found computer system users visit non-town business sites such as those for social networking, motorsports, guns and shopping.

Town of Taghkanic – Internal Controls Over Cash Disbursements and Online Banking (Columbia County)
The town’s internal controls over cash disbursements were not appropriately designed or operating effectively.  The audit also found the town has not established adequate controls over online banking transactions.


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