October 08, 2010
DiNapoli's Office Completes Audit of the City of Niagara Falls
New York State Comptroller Thomas P. DiNapoli today announced his office completed the audit: The City’s Oversight of the Niagara Tourism and Convention Corporation’s Performance.
“One of my top priorities as Comptroller is helping local governments manage their money efficiently and effectively,” DiNapoli said. “These audits do just that. If the City of Niagara Falls is to base its budget on tourism revenues, then it needs to do all that it can to maximize those revenues and prevent waste. The city should hold the Niagara Tourism and Convention Corporation accountable for producing complete, accurate and reliable data reports. Until that happens, Convention Corporation risks an unbalanced budget.”
DiNapoli’s auditors found that the city did not adequately monitor the agency’s performance since it was formed in 2003. City officials did not receive all required reports; the reports that the city did receive were not adequately supported by necessary paperwork or prepared in accordance with contractual provisions.
DiNapoli’s auditors also noted that the city did not obtain the services of an industry professional to assist in reviewing the agency’s operations. In 2008, the agency submitted the annual external audit and budget reports but did not submit the required periodic marketing plan report and the quarterly and annual program performance and expenditure reports.
Furthermore, city officials did not appropriately review the reports that the agency submitted. It was not until April 2009 that the City Council passed a resolution expressing concerns about the agency’s deficient reporting.
For a full copy of the audit, see: http://www.osc.state.ny.us/localgov/audits/cities/2010/niagarafalls.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 email@example.com.