Tuesday, October 16, 2012
 

 

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Comptroller releases municipal audits

ALBANY -  State Comptroller Thomas DiNapoli’s  office completed the following audits:

 

Oneida County Industrial Development Agency – Project Approval and Monitoring (2012M-149)
The Oneida County Industrial Development Agency (OCIDA) has adequately monitored projects to ensure they met or made reasonable progress toward their employment projections and imposed recapture penalties where projects failed to create jobs as projected. Also, OCIDA established and consistently applied criteria for selecting businesses receiving economic development incentives.

Three-G Volunteer Fire Company, Inc. – Internal Controls Over Financial Activities (Lewis County)
Controls over the company's financial activities were weak. The company board failed to provide adequate guidance to those responsible for receiving and depositing cash and exercised little oversight of the treasurer. In addition, the board did not comply with company by-laws and allowed for the unmonitored use of debit cards by company officials.

Three Town Fire District – Internal Controls Over Financial Operations (Cayuga County)
The district board has not adopted purchasing and investment policies, or a code of ethics, as required by law. Monthly bank reconciliations are not reviewed for accuracy and the board has not obtained an audit of the district's records by an independent public accountant, as required by law. The district has consistently failed to file a timely annual financial report.