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Auditors find poor money management in town of Locke

Local News

An audit by the state comptroller looked at the financial condition of the town of Locke in Cayuga County during FY-2019 and determined it was not properly managed by board members.

The report found officials levied more taxes than necessary to sustain operations.

Unrestricted fund balances as of December 31, 2019 in the general and highway funds and water district were excessive, ranging from 89 percent to 536 percent of actual expenditures.

Additionally, auditors say the board failed to adopt formal fund balance, reserve and budgeting policies, along with multiyear financial and capital plans.

More information is available in the full report here.

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