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audit report
City of Little Falls – Financial Condition Audit Follow-Up (Herkimer County)
The city has
not addressed 12 audit recommendations made in a June 2021 audit. City
officials could not provide reasonable explanations for their lack of
corrective action.
Scio Central School District – Capital
Assets (Allegany County)
District
officials did not maintain complete and accurate capital asset records. As a
result, of the 100 capital assets valued at $113,000, 51 assets worth $38,000
could not be located. The missing assets included laptops, digital cameras,
computer monitors and televisions. Auditors found 38 capital assets worth
$47,000 did not have their location listed. In addition, although required
annually, the last physical inventory was conducted in 2017. The superintendent
and former business administrator, while familiar with the district’s asset
policy and procedures, did not comply with them. Had the board ensured compliance,
complete and accurate assets records may have been maintained.
Village of Dolgeville – Treasurer’s
Records and Reports (Herkimer and Fulton Counties)
The treasurer
did not record all financial activity using proper accounting procedures. As a
result, inadequate records and reports were maintained, and the board lacked
the financial information necessary to properly monitor and manage village
finances. The treasurer did not: properly account for fund balance within
each village fund or establish capital projects funds to separately account for
the financial activity of projects undertaken; periodically reconcile water and
sewer receivable control account balances to the total of the individual
customer account balances. The treasurer also did not provide adequate budget
status and balance sheet reports to the board each month or prepare and file
the required annual financial report with the Office of the State Comptroller
for the 2019-20 through 2022-23 fiscal years.
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