Audit Critcizes Town Of Edwards' Handling Of Money

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The state is criticizing the way the town of Edwards handled its money.

The Office of the New York State Comptroller released the results of an audit Wednesday.

According to the state, town officials failed to adequately monitor the town's financial operations and take timely action to maintain financial stability.

The audit revealed the fund balances in the town's major operating funds fluctuated significantly over the last four years primarily because officials over-appropriated fund balance in the budget and allowed the budget to be overspent.

In addition, the state said duties relating to the town's financial operations are not adequately separated.

In a letter to the comptroller's office, Edwards Town Supervisor Sharee Lanphear wrote that she and the town board reviewed the report and have taken steps to correct the problems.

See the report

Friday, August 29, 2014
, Watertown, NY

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