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Wednesday, December 19, 2012

NYS Audit: Town of Olean Needs to
Adopt New Financial Policies

A state audit of the Town of Olean’s internal controls shows that the town board did not have a procedure in place to ensure wages and salaries were paid as intended, which allowed a former supervisor to make payments to his sister and his son without approval by the board.

The ex-supervisor’s sister was the town clerk and his son was a highway department employment. The payments totaled more than $17,000.

The state comptroller’s office also says the board didn’t adopt policies for the cash disbursement process and didn’t establish an adequate system of internal controls for the town’s sewer districts.

The office is recommending the town adopt policies to review payroll records during its annual audit, policies for the cash disbursement process and policies for the proper billing and collecting of sewer district usage.

The report released today covers the period from December 24, 2007, to May 3 of this year. You can read it here PDF

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