Auburn City Council gets a failing grade in an audit by State Comptroller Tom DiNapoli’s office.
The report released on Wednesday says the city failed to provide adequate oversight of its hydroelectric facilities. The audit found council did not adopt adequate policies and procedures regarding procurement practices for hydroelectric projects and failed to adopt long-term and adequate financial and capital plans related to the facilities.
DiNapoli’s office projects the Mill Street Dam won’t be profitable until 2047. However, City Comptroller Laura Wills reported to City Council in October the project could turn a profit as soon as 2034.
Responding in the city’s corrective action plan, City Manager Jeff Dygert said “Management is making every effort, regardless of this audit, to ensure the hydroelectric operations are self-sufficient.”