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NYS Comptroller


Taxpayers' Guide to State and Local Audits

Audits of Local Governments and School Districts

Town of Croghan – Financial Management (2014M-340)

Released: February 20, 2015 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to review the Town’s financial management practices for the period January 1, 2013 through May 31, 2014.


The Town of Croghan is located in Lewis County and has a population of approximately 3,100. The Town is governed by an elected five-member Town Board. Budgeted appropriations for 2014 totaled approximately $1.8 million.

Key Findings

  • Fund balance for town-wide operating funds experienced significant declines from 2011-13.
  • The Board has not developed a comprehensive multiyear financial and capital plan.

Key Recommendations

  • Ensure that the Town maintains a reasonable amount of fund balance to meet its future needs.
  • Develop a comprehensive multiyear financial and capital plan that projects operating and capital needs and financing sources over a three- to five-year period.

Local Government and School Accountability Contact Information:

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