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Legislature Accepts Audited Financial Report for 2017

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> Legislature Accepts Audited Financial Report for 2017

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Legislature Accepts Audited Financial Report for 2017

Tuesday, July 17, 2018

The Legislature, by unanimous vote, accepted the audited Financial Report for Tompkins County for the fiscal year 2017, conducted by the audit firm of Insero& Co. CPAs, LLP.  In a comprehensive report to the Legislature, Finance Director Rick Snyder indicated the County received an “unmodified opinion” from the auditors, the highest possible ranking, with no material instances of noncompliance and no material internal control weaknesses found.  As part of his report, Director Snyder said the County’s General Fund recorded an increase of $4.0 million, ending 2017 with fund balance of $44.9 million, $38.8 million of that unassigned.