WGXC-90.7 FM

Catskill risks consequences for not filing report

Feb 19, 2014 6:42 am
William J. Kemble is reporting in the Daily Freeman the village of Catskill runs the risk of being audited and losing grant money because it did not supply financial information to the state Comptroller’s Office for a recent fiscal stress report, according to a spokesman for the office. In response, Catskill Village Board President Vincent Seeley said he was not familiar with the state comptroller’s fiscal stress report and that he was too busy dealing with snow removal to be interviewed by phone about the matter. The village was previously criticized by the state Comptroller’s Office, notably in a report that covered the 2007-08 fiscal year. The report stated village officials had “not provided effective oversight of the village’s financial operations and ... failed to address significant weaknesses ... in budgeting, accounting, reporting, cash management and claims processing. The Comptroller's report concluded the village's management practices contributed to "the deteriorating financial condition of the village's primary operating funds...." Read the full story in the Daily Freeman.
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