Tuesday, November 13, 2012
 

 

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Comptroller releases audits

NEW YORK - State Comptroller Thomas DiNapoli’s office completed audits of several school districts and municipalities:

 

Schools:

Dundee Central School District – Financial Condition (Yates County)
School district officials have overestimated expenses and increased the tax levy by 8 percent over the last three years. These budgeting practices generated $4.5 million in operating surpluses, which caused the accumulated fund balance to exceed the statutory maximum of 4 percent of the ensuing year's budget.

Hornell City School District – Capital Improvement Project Expenditures (Steuben County)
The school district's total capital improvement project expenditures were approximately $34 million, which is under budget by $18.7 million. Auditors found $1.3 million in proposed change orders were properly approved and all were proper capital project expenditures. The district did not seek competition, however, for approximately $5.4 million in capital project-related professional services.

 

Municipalities:

Town of East Hampton – Budget Review (Suffolk County)
The revenue and expenditure projections in the town's tentative budget are reasonable. The tentative budget for 2013 complies with the tax levy limits.

Town of Ischua – Internal Controls over Selected Financial Operations (Cattaraugus County)
Town officials have not ensured that appropriate accounting records were maintained, adequate monthly financial reports were prepared and provided to the town board for review, or that annual financial reports were completed and filed with the Office of the State Comptroller as required. In addition, the town clerk, who also is bookkeeper to the town supervisor, has duties that are not properly segregated.

Town of Sidney – Budget Review (Delaware County)
The revenue and expenditure projections in the town's tentative budget are reasonable. The tentative budget for 2013 complies with the tax levy limits.

Town of Stony Point – Budget Review (Rockland County)
The revenue and expenditure projections in the tentative budget are reasonable. The town's tentative budget complies with the tax levy limit.

Village of Wappingers Falls – Selected Financial Activities (Dutchess County)
Planning and zoning fees and escrow moneys are not deposited in a timely manner. Auditors also found the village's cash receipt operations were not properly segregated and effective compensating controls were not established. Additionally, the village board has not established policies and guidelines for the use of credit cards.