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March 18, 2013

Audit faults Bangor on fee retention

(Continued)

One of those paid that way was a Town Council member’s son.

Since the audit, the town has determined that no vouchers will be submitted or paid without the proper, itemized paperwork. Once the supervisor approves a voucher, the Town Council will receive an abstract to review and sign.

The council also agreed that any independent contractors working for the town will be issued federal 1099 tax forms.

ANNUAL AUDIT

An audit of all town business where money transactions are made should be conducted every year, under town law.

But in Bangor, audits were done only for the town justices and the tax collector. 

The Comptroller’s Office states the town’s ability to monitor its finances is diminished if records are not examined, which increases “the risk that errors or irregularities could occur and remain undetected and uncorrected.”

According to the audit paperwork, Monica said in response that council members already receive a financial accounting each month, showing total revenue and expenses for each department and the beginning and end balance for each.

Email Denise A. Raymo:draymo@pressrepublican.com

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