Saturday, January 26, 2008

New Hartford: Missing the GAAP

Always on top of the New Hartford scene, the Concerned Citizens for Honest and Open Government have been trying for months to get a copy of the Town's audited financial statement for 2006, but it was always "not ready." Finally, after several requests, the record was supplied.

Prominently at the bottom of Page 1 of the Independent Auditor's Report is the following statement:



WOW!

That is an extraordinary statement! Now we know why the Town was so reluctant to release the report. Let us see if our main-stream media looks into the details of what is an apparent problem with New Hartford's handling of your money.

Read the full report and more on New Hartford Online Blog: "Finally."

3 comments:

Lone Star said...

Strike,

Great reporting. I went to the site you reference and read the CPA report prepared by Barone, Howard & Hilton, CPA's.

This report underscores what should be an indictment of all town officials who allowed this deplorable situation to go unchecked.

I did notice where there appears to be collusion between three New Hartford Residents (Gaumer, Roberts & Cleveland) in matters pertaining to the sale of Town equipment and then selling it at market prices.

Could this be tantamount to "insider" dealings?

Strikeslip said...

It is too soon to say that there is "collusion" -- which implies wrong doing -- as opposed to simply smart dealing by the buyers and laziness or incompetence by Town Officials. (In other words, if these private buyers could take old Town equipment and with a minimal effort sell the equipment at a profit, why is not the Town Highway Department doing the same?)

What IS clear is that New Hartford has not followed Generally Accepted Accounting Principles. . . . and the Town needs to zero in first on those persons responsible for managing the part of the budget where the problems were found, and then take it from there.

Rubber Ducky said...

I would like to know details of all town property sold and who it was sold to.

It does appear that Roger Cleveland has been "influential" in getting many town pieces of property declared "surplus" when factually there still existed a useful life in these pieces of property.

I wonder if the DMV can trace the registrations for the reading public?