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City of Poughkeepsie 2013 Audit

City of Poughkeepsie 2013 Audit

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Published by Faith Ann Butcher
A newly released audit from State Comptroller Thomas DiNapoli has concluded "inaccurate budgeting" has created an $11 million general fund deficit in the city of Poughkeepsie. In addition, the city's debt burden, he says, has increased 45 percent over the past five years.
A newly released audit from State Comptroller Thomas DiNapoli has concluded "inaccurate budgeting" has created an $11 million general fund deficit in the city of Poughkeepsie. In addition, the city's debt burden, he says, has increased 45 percent over the past five years.

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Published by: Faith Ann Butcher on May 23, 2013
Copyright:Attribution Non-commercial

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05/23/2013

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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 — July 31, 20122013M-30
City of Poughkeepsie
Fiscal Stress andCouncil Oversight
 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
 May 2013Dear 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 City Council governance. Audits also can identify strategies to reducecosts and to strengthen controls intended to safeguard local government assets.Following is a report of our audit of the City of Poughkeepsie, entitled Fiscal Stress and CouncilOversight. This audit was conducted pursuant to Article V, Section 1 of the State Constitution and theState Comptroller’s authority 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 listed at 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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