A recently completed audit by State Comptroller Thomas DiNapoli’s office is critical of the town of Barrington’s financial management.
According to the report, the town board did not adopt multiyear financial or capital plans to address long-term priorities. An accounting firm hired to perform bookkeeping and payroll duties were not under written contract and did not have proper oversight. The audit also found the accounting firm also kept these records off site, making the information unavailable for public inspection during reasonable times as required by law.
DiNapoli’s office has recommended the town use excess fund balance as a financing source for funding one-time expenditures, funding needed reserves and reducing real property taxes.
The complete report can be found here.