Purpose of Audit

The purpose of our audit was to review the Town’s financial records and reports for the period January 1, 2013 through April 30, 2015.

Background

The Town of Ticonderoga is located in Essex County and has a population of approximately 5,000. The Town is governed by an elected five-member Town Board. The operating funds’ budgeted appropriations for 2015 totaled approximately $8.4 million.

Key Findings

• The Supervisor’s clerk did not maintain complete, accurate and timely accounting records and the Supervisor did not provide sufficient oversight of the clerk’s accounting duties or appropriate training for the clerk.
• The Town’s accounting records did not agree with the amounts reported on its 2013 and 2014 Annual Update Documents (AUD).
• The Board did not receive complete and accurate information to monitor the Town’s financial operations and to assess the Town’s financial condition.

Key Recommendations

• Monitor the clerk’s duties to ensure that the accounting records are adequately maintained and provide training for the clerk.
• Review the AUDs to ensure that they are accurate, supported by the accounting records and filed in a timely manner.
• Provide the Board with monthly financial reports that include revenues, expenditures and budget status reports.