Rotterdam

Rotterdam working to file state finance report on time

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Town of Rotterdam officials plan to file their annual financial document to the state Comptroller’s Office on time this year after the previous administration got last year’s report to the agency about seven months late. 

Both Supervisor Mollie Collins and Deputy Supervisor Jack Dodson said they are working hard to get out the Annual Update Document, which needs to be filed with the state 120 days after the beginning of the new year. 

The 2020 document, which was due May 1, was not received by the Comptroller’s Office until Dec. 15, said Jennifer Freeman, director of communications for the Comptroller’s Office. 

Elizabeth Greenwood, the former finance director, and former Supervisor Steven Tommasone could not be reached for comment. 

Freeman said the Comptroller’s Office pays attention to when entities do not file the documents on time. 

“It can signify that they are having financial problems or issues that could warrant an audit or review,” she said. 

She said there are currently no audits underway. 

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The town did not face any repercussions for filing the document late because the town contacted the agency about being late, Freeman said. However, if a municipality refuses or willfully neglects to file the document it could face a fine, she said. 

Dodson said Wednesday that the Comptroller’s Office received answers to three questions it had about the document this week. Those questions related to a large miscellaneous expense line in the sum of $32,000, a negative $17,000 expense line and a negative $25,000 revenue line. Dodson said those issues were cleaned up and he expects the document to be available in the next few days.

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Categories: Rotterdam, Schenectady County

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