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Duanesburg has 'excessive' surplus
State audit says money should go to cut taxes; poor record keeping cited
By Paul Nelson
Published 08:41 p.m., Monday, April 23, 2012

DUANESBURG — This rural community maintains "excessive" amounts of surplus instead of using it to reduce residents' taxes and poor record keeping leaves the town court system in danger of being ripped off, according to an audit by the office of state Comptroller Thomas DiNapoli.

The examination of Duanesburg's finances from January 2010 to March 2011 also determined that the municipality's computer data system could be compromised because of inadequate procedures for backing up files or remote access for outside vendors.......................>>>>......................>>>>....................Read more: http://www.timesunion.com/local/article/Duanesburg-has-excessive-surplus-3504154.php#ixzz1sxEKmrjo

Yipes.....where's our audit HB demanded...

While I understand to a point what this article is stating, remember that this is a small town in Schenectady County.  They NEED large reserves.  It costs more to do anything here, and what happens when they have a major emergency and need to fix something, but due to DiNapoli's review, they go ahead and spend down this amount on arbitrary items, and don't have the money to fund the emergency?  Then they have to go and raise taxes on the residents again, just because they couldn't keep their rainy day fund as full as they thought was necessary?

get rid of those nasty republicans

they dont want any municipality to have 'rainy day' funds.....what is 'excessive reserves'.....

no cash = Sweden

we will all get to 'share' our underwear....we'll never be able to see when there is 'too much'

When a town has extra funds it's likely not to accept any handouts from the government thus not having to follow the orders of big brother.