Town Of Newburgh, N.Y.
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TOWN RECEIVES EXCELLENT FINANCIAL AUDIT
Release Date: August 08, 2017

Press Release 

On Monday, July 31, 2017, auditors from RBT, CPAs, came to present their audit report on the Town’s financial statements for the year ended December 31, 2016. Partner Jennifer George and Audit Manager Donna Crowley issued an unqualified opinion on the financials and had no matters that came to their attention.

Some of the financial highlights they went over were:

  • That our General Fund had a fund balance of $9.7 million, an increase of $1.2 million
  • Our Highway Fund had a fund balance of $2.7 million, a decrease of approximately $964 thousand, which we had planned for due to equipment purchases during the year
  • They also mentioned that the town continues to be very fiscally responsible in keeping expenditures below budget limits

Supervisor Piaquadio went on to thank the auditors for their report. He also thanked the Town Board Members, Town Accountant Ronald Clum, and all Department Heads for obtaining such an outstanding audit report which reflects on their keen ability to manage finances.

 

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