The State Comptroller's Office conducted an audit of the town of Royalton in late-2011 and in December issued the findings of their audit, which shows some glaring errors in financial management.
The state found that sales taxes were being improperly allocated, repeating an issue the Comptroller's office had discovered in 2007. The auditors determined that the highway fund was underfunded to the point that the general fund owes it $672,000.
The auditors also found that the town supervisor improperly handled interfund advances in that the transfers were not authorized by the board, the advances were not paid off per General Municipal Law, and there was inadequate recording of these financial events, resulting in unknown balances and account dating.
The Comptroller's report and the Town's response dated 15 December 2011 can be downloaded as a PDF here:
The state found that sales taxes were being improperly allocated, repeating an issue the Comptroller's office had discovered in 2007. The auditors determined that the highway fund was underfunded to the point that the general fund owes it $672,000.
The auditors also found that the town supervisor improperly handled interfund advances in that the transfers were not authorized by the board, the advances were not paid off per General Municipal Law, and there was inadequate recording of these financial events, resulting in unknown balances and account dating.
The Comptroller's report and the Town's response dated 15 December 2011 can be downloaded as a PDF here:
http://www.osc.state.ny.us/localgov/audits/towns/2011/royalton.pdf
