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Law, Accounting & Taxes

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State comptroller audit finds Town of Guilford in Chenango County did not develop realistic budgets

GUILFORD — A recent audit by the office of New York State Comptroller Thomas P. DiNapoli showed the Town of Guilford board failed to develop realistic budgets, underestimating revenue, and not using the appropriated fund balance.  That resulted in an unrestricted fund balance in the general and highway funds that exceeded the town’s fund-balance policy

Village of Deposit

NYS comptroller’s audit finds Village of Deposit didn’t ensure compliance with credit-card policy

DEPOSIT — New York State Comptroller Thomas P. DiNapoli in late February announced the results of six local government and school audits, including an audit of the Village of Deposit (located in Broome and Delaware counties), regarding its purchasing-policy compliance. The comptroller stated that the Village of Deposit board of trustees did not ensure compliance

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