DiNapoli’s Office Completes Local Government Audit
State Comptroller Thomas P. DiNapoli today announced his office completed the audit: Town of Niskayuna - Internal Controls Over Selected Financial Operations and Financial Condition of the Water District Fund.
“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 Niskayuna - Internal Controls Over Selected Financial Operations and Financial Condition of the Water District Fund
Auditors found weaknesses in internal controls over the town’s financial operations. For example: weak internal controls over cash transactions including insufficient segregation of duties. In addition, moneys were collected by employees in the Building Department, Transfer Station and Water Department instead of being collected by the Receiver, and moneys were not deposited in a timely manner. Auditors found that 53 receipts, totaling $23,741, were not deposited in a timely manner. We also found that the water district fund’s unreserved, unappropriated fund balance declined from a surplus of $535,484 at December 31, 2003, to a deficit balance of $332,503 at December 31, 2007. This decline in fund balance of $867,987 represents a significant weakening of the overall financial condition of the water district fund. Finally, we found weaknesses in the internal controls over the billing and collection of water user charges, claims processing and information technology.
Click here for a copy of the audit.