State Comptroller DiNapoli Releases Municipal Audits

Posted to Applied Web NY on Fri, 10/02/2020 - 15:57

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

City of Amsterdam – Budget Review (Montgomery County)

Auditors found that certain significant revenue and expenditure projections in the 2020-21 adopted budget are not reasonable and other matters that require city officials’ attention. Auditors identified several funds that are not balanced or are not reasonable. The city’s tax levy of $6,047,472 also exceeds the allowable tax levy limit by $187,957. However, the council adopted a local law to override the tax levy limit prior to budget adoption and, as such, was authorized to adopt a budget that included a levy in excess of the tax levy limit.

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