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Comptroller gives Stockport books a passing grade
Oct 02, 2013 5:37 am
Nathan Mayberg is reporting in the Register Star one year after accounting discrepancies set off panic and caused water rates to skyrocket in the town of Stockport, state Comptroller Thomas DiNapoli’s office has determined the town's finances are in order. The Comptroller's Office released its audit and findings Tues., Oct. 1. The town initiated an examination of its books in July 2012 when $250,000 of the fund balance could not be accounted for and $100,000 was thought to be missing from the town's water fund. An accounting firm determined mistakes made by the town’s former bookkeeper led to the funds not being properly reported. DiNapoli's office found the town's accountants were accurate in their assessment and town officials are following proper accounting procedures. Read the full story in the Register Star.