Skip to Content

Login   Subscribe   Site Index   Contact Us   Google Translate™

NYS Comptroller


Taxpayers' Guide to State and Local Audits

Audits of Local Governments and School Districts

Town of Salem – Financial Management (2015M-295)

Released: January 29, 2016 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to review the Town’s financial management and budgeting practices for the period January 1, 2013 through June 30, 2015.


The Town of Salem is located in Washington County and has a population of approximately 2,700. The Town is governed by a five-member Town Board. Budgeted appropriations for 2015 totaled approximately $1.12 million.

Key Findings

  • The Board consistently budgeted to appropriate more fund balance in the town-wide general fund than was actually available to finance operations.
  • The Board has not developed a multiyear financial and capital plan.

Key Recommendations

  • Review estimates of fund balance at year-end as part of the budget process and avoid appropriating fund balance to finance annual operations in excess of what is available.
  • Develop a comprehensive multiyear financial and capital plan.

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