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Comptroller's COMPLETE Audit of Schenectady

Comptroller's COMPLETE Audit of Schenectady

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Published by David Lombardo
New York State Comptroller's Office reviewed the recent financials for the city of Schenectady
New York State Comptroller's Office reviewed the recent financials for the city of Schenectady

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Published by: David Lombardo on Nov 13, 2012
Copyright:Attribution Non-commercial

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07/10/2014

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D
IVISION
 
OF
L
OCAL
G
OVERNMENT
 & S
CHOOL
CCOUNTABILITY 
O
FFICE
 
OF
 
 THE
N
EW
OR
S
 TATE
C
OMPTROLLER 
Report of Examination
Period Covered: January 1, 2011 — June 30, 20122012M-187
City of Schenectady
Fiscal Stress
 Thomas P. DiNapoli
 
2
O
FFICE
 
OF
 
THE
N
EW
Y
ORK
S
TATE
C
OMPTROLLER
 
2
State of New YorkOf 
ce of the State Comptroller
Division of Local Governmentand School Accountability
  November 2012Dear City Of 
cials:A top priority of the Of 
ce of the State Comptroller is to help local government of 
cials managegovernment resources ef 
ciently and effectively and, by so doing, provide accountability for taxdollars spent to support government operations. The Comptroller oversees the
scal affairs of localgovernments statewide, as well as compliance with relevant statutes and observance of good business practices. This
scal oversight is accomplished, in part, through our audits, which identify opportunitiesfor improving operations and council governance. Audits also can identify strategies to reduce costsand to strengthen controls intended to safeguard local government assets.Following is a report of our audit of the City of Schenectady, entitled Fiscal Stress. This audit wasconducted pursuant to Article V, Section 1 of the State Constitution and the State Comptroller’sauthority as set forth in Article 3 of the General Municipal Law.This audit’s results and recommendations are resources for local government of 
cials to use ineffectively managing operations and in meeting the expectations of their constituents. If you havequestions about this report, please feel free to contact the local regional of 
ce for your county, as listedat the end of this report.Respectfully submitted,
Of 
 fi
ce of the State Comptroller  Division of Local Government and School Accountability
State of New YorkOf 
ce of the State Comptroller

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