MONTICELLO — The Village of Monticello is suffering cash-flow problems and its financial operations are rife with shoddy record keeping and at risk of fraud, the state Comptroller’s Office said in a draft audit criticizing village officials’ oversight of their finances.

State auditors examined Monticello records covering August 2011 to March 2013. They concluded that the Village Board failed to adequately review payments and claims, and failed to ensure accounting records were accurate and up-to-date.

“Officials do not know the amount of cash available to fund operations, the amount owed to the Village for real property taxes or the Village’s overall fiscal health,” the state said.

Read more: Times Herald-Record, January 9 2014

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