MAYVILLE – County officials are continuing to address a recent audit report from the state Comptroller’s office, which was critical of how the county makes financial investments, along with pointing out errors the county made in paying salaries and providing benefits.
The Post-Journal says County Executive Vince Horrigan attended the Chautauqua County Legislature’s Administrative Services Committee on Tuesday to relay disagreements he and his administration have with some of the conclusions found within the report, which came out in late December.
Horrigan said the report contains many items worthy of further discussion, but also said he’s confident that county investments have been well-managed by the county finance director in consultation with the County Legislature’s Audit and Control Committee. In addition, Horrigan told legislators the report does not fully take into consideration the impact of the county’s actual interest earnings from its investment portfolio.
According to the Comptroller’s report, State auditors found the county didn’t always invest funds in accordance with its adopted policy or state law, bringing loss on the sale of certain investments. Adequate oversight of the investment program was recommended.
The report also discovered that 23 elected officials and 94 management employees were overpaid in 2015, which totaled around $26,400. Horrigan said he adjusted the 2016 payroll amounts of county managers and elected officials to address the report’s findings.
The county will file a corrective action plan, responding to concerns laid out in the audit, within 90 days.
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