State audit critical of Tuxedo town bookkeeping

ALBANY – The state comptroller’s office completed a critical audit of the Town of Tuxedo’s financial operations for the period January 1, 2013 through January 29, 2014.
The report said the town supervisor did not maintain complete and up-to-date accounting records and did not provide the town board with detailed monthly financial information. The audit also said the certified public accountant’s audits did not ensure that financial records were complete and did not properly account for justice court revenue.
It also said the bookkeeper has the ability to perform all aspects of the disbursement process without oversight.
Key recommendations from the comptroller’s office include ensuring that accounting records are complete and accurate and provide appropriate monthly financial information to the board to help it manage town finances and evaluate financial condition; reviewing previous accounting for justice court revenues and making any necessary adjustments; and ensuring that the bookkeeper’s duties are adequately segregated and establish compensating controls as necessary.