Friday, March 19, 2010


Ulster comptroller’s office adds second pair of eyes on county bank accounts

KINGSTON – The Ulster County comptroller’s office has begun performing bank reconciliation reports each month on the county’s 28 bank accounts holding some $64 million.

The county finance commissioner’s office is in charge of those accounts on a day to day basis, but Comptroller Elliott Auerbach said his office provides an independent look at the financial statements.

“What this is going to do is us a bird’s eye if there is any fraud, and malfeasance, any questionable deposits and withdrawals or handling of money,” he said. “It’s a second set of eyes, so to speak, so at the end of the month, the reconciliation process serves to really protect the taxpayers of Ulster County.”

To this point, Auerbach said his office has found no problems with the county’s bank accounts.
(Copyright © 2009 Mid-Hudson News Network, a division of Statewide News Network, Inc)

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