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NYS Comptroller


Audits of Local Governments and School Districts

Report Highlights

Town of Ancram - Financial and Capital Planning (2019M-135)

Released: November 22, 2019 -- [read complete report - pdf]

Audit Objective

Determine whether the Board established multiyear plans and financial policies to adequately manage the Town’s finances.

Key Findings

The Board did not:

  • Develop comprehensive multiyear financial or capital plans.
  • Adopt a fund balance and reserve policy.

Key Recommendations

  • Develop and adopt a comprehensive multiyear financial and capital plan for a five-year period.
  • Develop a fund balance and reserve policy to govern the levels of unrestricted fund balance and reserves to maintain.

Town officials generally agreed with our findings and indicated they plan to initiate corrective action.


The Town of Ancram is located in Columbia County. The Town is governed by an elected Board which is composed of a Supervisor and four Board members. The Board is responsible for the general management and control of the Town’s financial operations, including adopting the annual budget and establishing financial policies.

The Supervisor serves as the chief executive officer, chief fiscal officer and budget officer and is responsible for day-to-day financial operations. The Supervisor appointed an independent certified public accountant to maintain the accounting records and assist in the financial reporting and filing.

Quick Facts
2018 General Fund Appropriations$618,695
2018 Highway Fund Appropriations$1,011,350
2018 General Fund Tax Levy$130,369
2018 Highway Fund Tax Levy$637,350
2018 General Fund Unrestricted Fund Balance$884,886
a US Census Bureau, Ancram Population 2017

Audit Period

January 1, 2017 – October 23, 2018. We extended our scope back to January 1, 2014 and forward to December 31, 2018 to analyze financial trends.

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