New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
Village of Maybrook – Financial Condition (Orange County)
The board did not adequately manage the village’s financial condition. Auditors determined the board used unrealistic revenue estimates during the budget process. The village’s overall fund balance decreased by $642,000 (63 percent) from 2014-15 to 2018-19. The general and sewer funds had operating deficits during the past five years, and the water fund had an operating deficit in 2019. In addition, village officials did not develop a fund balance policy, multiyear financial plan or capital plan.
Monsey Fire District – Board Oversight (Rockland County)
The board provided inadequate and ineffective oversight of the district’s operations and did not comply with General Municipal Law’s financial filing and audit requirements. In addition, for seven consecutive years, an annual update document, which is a required annual financial report, was not properly filed. The required annual independent audit of the district’s financial records was not performed since 2012, and the length of service awards program that started in 1990 was never audited.
Village of Sackets Harbor – Budgeting and Financial Management (Jefferson County)
The board and village officials did not develop realistic budgets. From 2016-17 through 2018-19, budgeted appropriations in the general, water and sewer funds exceeded actual expenditures by a total of $4.9 million (a 39 percent budget variance). In addition, officials also appropriated $3.6 million of fund balance during this period that was not needed to fund operations. The board has not adopted a fund balance policy or multiyear financial and capital plans.
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