{"id":55170,"date":"2024-07-26T11:26:39","date_gmt":"2024-07-26T15:26:39","guid":{"rendered":"https:\/\/videonewsservice.net\/?p=55170"},"modified":"2024-07-26T11:26:39","modified_gmt":"2024-07-26T15:26:39","slug":"genesee-county-town-of-stafford-audit-shows-capital-projects-were-not-properly-monitored-and-some-project-costs-exceeded-authorized-amounts","status":"publish","type":"post","link":"https:\/\/videonewsservice.net\/index.php\/2024\/07\/26\/genesee-county-town-of-stafford-audit-shows-capital-projects-were-not-properly-monitored-and-some-project-costs-exceeded-authorized-amounts\/","title":{"rendered":"GENESEE COUNTY\/Town of Stafford\/Audit shows capital projects were not properly monitored and some project costs exceeded authorized amounts"},"content":{"rendered":"\n

Information provided- State Comptroller Thomas D. DiNapoli<\/em><\/p>\n\n\n\n

Town of Stafford \u2013 Capital Projects (2024M-17)<\/h1>\n\n\n\n

Issued Date<\/p>\n\n\n\n

July 12, 2024<\/p>\n\n\n\n

[read complete report \u2013 pdf] <\/a><\/p>\n\n\n\n

Town of Stafford – Capital Projects (2024M-17) (ny.gov)<\/a><\/p>\n\n\n\n

Audit Objective <\/h4>\n\n\n\n

Determine whether the Town of Stafford (Town) Town Board (Board) properly authorized and monitored capital project activity.<\/p>\n\n\n\n

Key Findings <\/h4>\n\n\n\n

The Board did not properly authorize and monitor capital project activity. Because the Board relied on an engineering firm (Engineer) and a financial advisor (Advisor) to manage the capital projects, the Board was not aware of project overruns, cash flow issues or financing source shortfalls. Moreover, the Board created a taxpayer equity issue when a portion of the costs to construct water districts was paid for by taxpayers not living in or receiving benefit from these water districts. Specifically, the Board and Town Supervisor (Supervisor) did not: <\/p>\n\n\n\n