The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

Local News

January 5, 2013

Audit rips Walton village accounting

A stinging state audit released Friday condemned the village of Walton’s financial controls and oversight as “all but non-existent.”

“The mayor and the board did not ensure that the village’s financial operations were functioning properly,” said a report issued by state Comptroller Thomas DiNapoli.

It added that “there were inadequate controls over the records and reports, disbursements, cash receipts, payroll and purchasing processes.”

The auditors also registered strong concern with what they called a lack of any internal oversight of the village’s financial system.

“No one knows the actual financial position of the village, because the clerk-treasurer’s office performs all of the financial duties without any board oversight,” the report said.

Village Mayor Patrick Meredith, who took office in April 2011, said village officials are in the process of responding to the findings and have “already implemented 90 percent of the recommendations.”

Meredith told The Daily Star that rumors have swept the village, suggesting that village government is riddled with corruption.

“There is too much of a paper trail for there to be any corruption,” he said.

He attributed many of the financial management problems in the village to what he said was a lack of knowledge and training to run accounting software.

“We knew what we were spending,” the $6,500-a-year mayor said. “We just didn’t know where we were at financially.”

Meredith said he plans to discuss the audit with village trustees Monday. The village will formulate a full response to the audit and submit it in about two months, he said.

The report also scolded village officials for failing to verify that any of the more than $4 million in checks disbursed by the clerk-treasurer during the 2011-12 fiscal year were for proper village purposes or that the nearly $2 million disbursed and more than $460,900 received was recorded in its accounting system.

Text Only
Local News

Additional Content
Join the Debate
Additional Resources
CNHI News Service

Is Israel justified to conduct its military campaign against the Hamas in Gaza?

Undecided/no opinion
     View Results