{"id":51983,"date":"2013-11-27T16:00:35","date_gmt":"2013-11-27T21:00:35","guid":{"rendered":"http:\/\/madisoncountycourier.com\/?p=51983"},"modified":"2013-11-26T18:23:44","modified_gmt":"2013-11-26T23:23:44","slug":"51983","status":"publish","type":"post","link":"https:\/\/madisoncountycourier.com\/?p=51983","title":{"rendered":"Town of Lincoln Board Audit: Accumulated Unexpended Surplus Funds"},"content":{"rendered":"<p>(Nov. 2013) The State&#8217;s Comptroller office prepared the following audit of the town of Lincoln. It&#8217;s findings included:<\/p>\n<p>As of Dec. 31, 2012, the town accumulated unexpended surplus funds in the general fund totaling $458,698, which were excessive compared to the 2013 budget of $255,420. This primarily occurred because the board underestimated budget revenues in previous years and did not adopt a policy to govern the level of fund balance to be maintained.<\/p>\n<p>The board also did not develop a long-term financial plan to ensure unexpended surplus funds will be used to benefit taxpayers.<\/p>\n<p>To view the entire audit, recommendations made and the supervisor&#8217;s response, click on the following link:<\/p>\n<p><a href=\"http:\/\/www.osc.state.ny.us\/localgov\/audits\/towns\/2013\/lincoln.pdf\" target=\"_blank\"><b>Town of Lincoln \u2013 Financial Management (Madison County)<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Nov. 2013) The State&#8217;s Comptroller office prepared the following audit of the town of Lincoln. It&#8217;s findings included: As of Dec. 31, 2012, the town accumulated unexpended surplus funds in the general fund totaling $458,698, which were excessive compared to the 2013 budget of $255,420. This primarily occurred because the board underestimated budget revenues in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51983","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/posts\/51983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51983"}],"version-history":[{"count":0,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=\/wp\/v2\/posts\/51983\/revisions"}],"wp:attachment":[{"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madisoncountycourier.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}