Town of Bainbridge Criticized in State Audit
The Town of Bainbridge is being criticized in an audit by New York State Comptroller Thomas DiNapoli.
In an audit, the Town is said to have adopted budgets that were not structurally balanced by using $567,500 from a fund balance to pay recurring expenditures.
The report also says the Board has not established goals for the level of unrestricted fund balance to be maintained.
The Comptroller is recommending the Town adopt structurally balanced budgets with tax levies that equal the difference between recurring revenues and recurring expenditures and establish fund balance goals.