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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Report Highlights

Monroe County - Financial Condition (2018M-179)

Released: December 7, 2018 -- [read complete report - pdf]

Audit Objective

Determine whether the Legislature and County officials effectively managed the County’s financial condition.

Key Findings

  • The County’s financial position has been strained for several years. Its combined funds’1 available fund balance as of December 31, 2017 totaled only $1.9 million or .13 percent of gross expenditures, after $12.4 million in one-time increases that are unlikely to recur.
  • The County relied on $65 million in revenue anticipation notes and $30.85 million in reported general fund interfund advances to cover deficit cash balances in 2017.
  • The County does not have sufficient general fund balance to mitigate significant revenue shortages or unanticipated expenditures.

Key Recommendations

  • Identify ways to increase recurring revenues or decrease recurring expenditures to improve the County’s financial condition.
  • Take measures to ensure the County generates and maintains adequate fund balance and cash flow in all funds.
  • Develop a sustainable plan to phase out the general fund’s subsidizing of the solid waste fund.

County officials generally disagreed with our findings and recommendations. Appendix B includes our comments on issues raised in the County’s response (Appendix A).

Background

Monroe County (County) is located in the western portion of New York State along Lake Ontario’s southern shore. The County is governed by its 29-member County Legislature (Legislature). The County Executive (Executive) is the Chief Executive Officer and is responsible for oversight of operations. The Director of Finance is the County’s Chief Fiscal Officer and manages the County’s financial affairs. Together, these County officials are responsible for making financial decisions that are in the best interest of the County and its taxpayers.

Quick Facts
Population Approximately750,000
Square Miles657.21
2018 AppropriationsAlmost $1.2 billion

Audit Period

January 1, 2014 – September 11, 2018


1 Combined funds include the general and road funds and all enterprise funds.


Local Government and School Accountability Contact Information:

Phone: (518) 474-4037; Email: localgov@osc.ny.gov
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236