Ticonderoga, a town in the state of New York, is facing monitoring issues in a recent state audit of its capital projects. The audit, conducted by the State Comptroller’s Office, focused on eight infrastructure projects with a total budget of $20.8 million.
While none of the projects exceeded their budgets, the audit revealed that the town lacked sufficient procedures for monitoring the progress and results of the projects. This oversight poses a risk of recording errors that could go unnoticed and potentially lead to exceeding the project budget and authorized financing.
Among the projects audited were the reconstruction of the Ticonderoga Municipal Airport taxiway, runway paving, and upgrades to the water and sewer systems. The audit found that seven of the projects had been completed but not properly closed in the town’s records. Additionally, budget changes amounting to $3.2 million had not been accurately recorded. Monthly reports, which are crucial for monitoring costs, were not being submitted by the Ticonderoga Town Council and supervisor.
In response to the audit findings, Town Supervisor Mark Wright expressed appreciation for the auditors’ assistance in ensuring compliance with their recommendations. He acknowledged his responsibility for the fiscal accountability of his office and emphasized the commitment to safeguarding assets and improving government operations.
The auditors recommended that the Town Council take a more proactive approach in monitoring the projects on a monthly basis. They also stressed the importance of the supervisor maintaining accurate records and properly closing the projects when they are completed. Specifically, the supervisor was advised to keep timely records and use the State Schedule of Non-Current Governmental Assets to close projects.
It is worth noting that the audit covered the period from January 1, 2021, to September 30, 2022, but the scope was extended back to November 29, 2018, to assess the accounting and closure of capital projects during that time. Since Wright took office in January 2022, the audit also covered the previous administration’s handling of the projects.
The town had relied on an engineering firm’s assessments for project spending and had delegated financial responsibilities to town staff. However, the auditors emphasized that the ultimate responsibility for fiscal monitoring lies with the Town Council and supervisor.
The audited projects were funded through a combination of state and federal grants, loans, and town assets. This highlights the importance of closely monitoring the progress and costs of capital projects to ensure proper utilization of public funds.
In conclusion, the Town of Ticonderoga is addressing the monitoring issues raised in the state audit of its capital projects. The findings underscore the need for improved procedures and vigilant oversight to prevent recording errors and ensure projects stay within budget. By implementing the audit’s recommendations, the town aims to enhance its accountability and effectiveness in managing future capital projects.
