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November 19, 2010

 

DiNapoli's Office Completes Audit of the Town of Coeymans

New York State Comptroller Thomas P. DiNapoli today announced his office completed the audit: Town of Coeymans – Financial Condition and Internal Controls Over Selected Financial Operations.

“As Comptroller, I’m committed to using the audit process to make sure state and local governments run as efficiently as possible,” DiNapoli said.  “These audits are tools governments should use to better protect taxpayer dollars. The Town of Coeymans failed to effectively monitor the financial condition of its water and sewer district and did not seek competition when purchasing goods and services.  The town must do a better job of safeguarding taxpayer dollars and should ensure it’s not paying more than necessary for goods and services.”

DiNapoli’s auditors found that the board needs to improve its oversight and ensure that controls are in place to adequately monitor the financial condition of the sewer district and water district funds. The financial condition of the sewer district fund has declined substantially in recent years. This occurred primarily because of unpaid sewer charges resulting from a dispute with the Village of Ravena over the town’s cost allocation method, and the lack of a current written agreement between the town and the village.  On December 31, 2009, the sewer and water district funds had unreserved fund balance deficits of $507,526 and $34,071, respectively.

DiNapoli’s auditors also noted that town officials did not consistently adhere to statutory requirements or their own procurement policy when making purchases. Auditors reviewed 19 purchase and public work contracts totaling over $1 million, all of which were required to be competitively bid. Of the 19 contracts reviewed, six contracts totaling $133,182 were not competitively bid, as required by statute.

In addition, DiNapoli’s auditors recommended the town improve its internal controls over information technology.

For a full copy of the audit, see: http://www.osc.state.ny.us/localgov/audits/towns/2010/coeymans.pdf

If you have any questions, or would like a comment from the Comptroller’s press office regarding this audit, please call 518-474-4015, or send an email to press@osc.state.ny.us.




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