Below are a few of the pages from the auditor's report of the fiscal year 2006. The report is 38 pages total and I couldn't possibly post all of the pages on this blog, but I would like to stress that this information can be obtained through the Town Clerk thanks to the Freedom of Information Act.
Let's take a look at the some important points.
1) On page six (6), it states the fund balance was $877, 348. A decrease by $4,737,308 due to several factors, including a decrease in property tax, an increase in spending, and the debt proceeds received from the year before.
I recall that several people, including Aileen Rohr were so concerned that the current balance was under one million dollars. Where they concerned in 2006 as well?
2) On page twenty (20), a description of the town includes the duties of the Supervisor, whom serves as the chief executive officer as well as the chief financial officer. With that being the case, is Joseph Kakish competent to serve as the CFO given the HISTORY OF JUDGMENTS ON FILE OF OVER $100,000 that both him and his wife accured in the past ten years?
3) This next figure is a real doozy. On page thirty-four (34), the auditors state that they had to make an adjustment in the amount of $320, 455 because the prior year's liabilites were not recorded in the prior period as well as the adjustments to beginning balances for capital assets. In a nutshell, Ms. Lown wasn't recording the liabilites of the town correctly.
4) On page thirty-seven (37)
a. payroll records were not being reviewed by a second person.
b. vouchers were not being processed according to policy.
c. purchase order policy was not being followed. Purchase orders were were completed AFTER the purchase had been made.
d. Bank reconciliations were not being reviewed. NOTE: the audit report stated 'the reconciliation are being prepared by the bookkeeper but there is no review by a second person. Review of these reconciliations would protect against errors and verity that the ledger balance agreed with the reconciled balance. The final result is more reliable financial reporting.'
The jist of it: The auditors are tactfully indicating that Ms. Lown was making mistakes. If she kept the accurate records as she has so claimed, there would be not need for 'more reliable financial reporting.'
e. Highway department vouchers and invoices were not being processed correctly. Mr. Doyle was making improper purchases, which may or may not be the auditor's way of saying he was items for his own personal use with the town's money. Seems to me that Mr. Walter Doyle was the Highway Superintendent in 2006. The same Walt Doyle that was featured on the cover of the HV News for berating the Town Board about some bills that were unpaid and accusing the Towm Board of being liars. The 2009 budget supposedly has the same findings, but when it will be made public then it will be confirmed if that is the case.
So there you have it. Happy Reading!
Let's take a look at the some important points.
1) On page six (6), it states the fund balance was $877, 348. A decrease by $4,737,308 due to several factors, including a decrease in property tax, an increase in spending, and the debt proceeds received from the year before.
I recall that several people, including Aileen Rohr were so concerned that the current balance was under one million dollars. Where they concerned in 2006 as well?
2) On page twenty (20), a description of the town includes the duties of the Supervisor, whom serves as the chief executive officer as well as the chief financial officer. With that being the case, is Joseph Kakish competent to serve as the CFO given the HISTORY OF JUDGMENTS ON FILE OF OVER $100,000 that both him and his wife accured in the past ten years?
3) This next figure is a real doozy. On page thirty-four (34), the auditors state that they had to make an adjustment in the amount of $320, 455 because the prior year's liabilites were not recorded in the prior period as well as the adjustments to beginning balances for capital assets. In a nutshell, Ms. Lown wasn't recording the liabilites of the town correctly.
4) On page thirty-seven (37)
a. payroll records were not being reviewed by a second person.
b. vouchers were not being processed according to policy.
c. purchase order policy was not being followed. Purchase orders were were completed AFTER the purchase had been made.
d. Bank reconciliations were not being reviewed. NOTE: the audit report stated 'the reconciliation are being prepared by the bookkeeper but there is no review by a second person. Review of these reconciliations would protect against errors and verity that the ledger balance agreed with the reconciled balance. The final result is more reliable financial reporting.'
The jist of it: The auditors are tactfully indicating that Ms. Lown was making mistakes. If she kept the accurate records as she has so claimed, there would be not need for 'more reliable financial reporting.'
e. Highway department vouchers and invoices were not being processed correctly. Mr. Doyle was making improper purchases, which may or may not be the auditor's way of saying he was items for his own personal use with the town's money. Seems to me that Mr. Walter Doyle was the Highway Superintendent in 2006. The same Walt Doyle that was featured on the cover of the HV News for berating the Town Board about some bills that were unpaid and accusing the Towm Board of being liars. The 2009 budget supposedly has the same findings, but when it will be made public then it will be confirmed if that is the case.
So there you have it. Happy Reading!
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