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Wednesday, September 03, 2014
Amsterdam, NY ,
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Common Council discusses city's accounts

Tuesday, September 03, 2013 - Updated: 11:28 PM

By ALISSA SCOTT

alissa.scott@recordernews.com

The Common Council met tonight and continued discussions of the late filing of the annual update document. 

Dave Dybas, 4th Ward alderman, raised a resolution that requests the council secure the services of a qualified accounting firm to help resolve the accounting issues.

"On October 5, 2012 the City of Amsterdam was notified by letter to the City Controller from the State of New York Office of the State Comptroller, signed by Jeffrey P. Leonard, CPA Chief Examiner, stating 'I want to let you know that we conduct 'performance audits’, we do not conduct ‘financial audits’ as you reference in your request," the resolution states. "As such you should understand our audit will not result in us adjusting or correcting the City’s account balances. ... Furthermore, if neither you nor the current staff of your office has the capabilities to resolve the accounting issues you mention, you may want to consider contracting with an accounting firm for the services to assist you in addressing the accounting issues and/or possibly hiring an employee with the qualifications to correct and maintain the City’s accounting records.”

The city has fallen behind on making deadline for its annual update document, now almost a year past due. A recent state-led performance audit identified several problems within the city’s accounts.

The accounting firm would help to file a proved audited AUD reporting documents for the fiscal years 2011-2012, 2012-2013 and 2013-2014.

However, the council, of whom two members were absent, voted to table the resolution until more information -- like how much it would cost the city -- was presented.

Read more in tomorrow's edition of The Recorder.

     

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