State Comptroller DiNapoli Releases Municipal Audit

Posted to Applied Web NY on Fri, 10/16/2020 - 15:47

New York State Comptroller Thomas P. DiNapoli today announced the following local government audit has been issued.

Jefferson County Industrial Development Agency (JCIDA) – Project Approval and Monitoring

JCIDA officials did not appropriately evaluate all projects prior to approval or monitor the performance of businesses that received financial benefits. Auditors determined officials did not verify an applicant’s project information or complete adequate cost-benefit analyses for proposed projects before approving them. In addition, officials did not charge some project applicants fees in accordance with the board-approved fee schedule. Officials also failed to assess annually reported capital investment and salary information for reliability or compare it to estimates in project applications.

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