State Comptroller Thomas DiNapoli released several municipal audits over the weekend, some of which contained information related to Cortland County.
One of the reports looked at the procurement of gas and electricity services.
According to that report, Cortland County is one of five financial units reviewed that “did not adequately evaluate procurement options or make benchmark comparisons to ensure they received the lowest prices for electricity and natural gas.”
The report says Cortland is part of a group that spent about 67 percent more on electricity than a potential benchmark identified by the State (City of Albany; Counties of Broome, Cortland and Oneida; and North Syracuse Central School District).
It also says it spent 51 percent more on natural gas (Broome County, Cortland County and North Syracuse Central School District).
A second unrelated audit looked at the Town of Solon to determine whether its Board had in place a proper fund balance and reserve policy, as well as long-term plans to address the needs of its general and highway funds.
That report found that between 2014-2017, the Town’s unrestricted fund balance in the general fund increased by 110 percent, while expenditures from that fund were 17 percent below budgeted appropriations. During that same period, the unrestricted fund balance in the highway fund increased by 24 percent.
The Comptroller’s Office concluded that although Town officials have concerns about upcoming financial or capital needs that will require significant funding, they have not developed fund balance or reserve policies or multiyear financial or capital plans. Their recommendations included the development and adoption of such plans.
DiNapoli says Town of Solon officials generally agreed with his office’s recommendations and indicated they planned to initiate corrective action.