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Albany city auditor warns of 'financial mismanagement' at City Hall

May 23, 2019 05:36 PM

Albany's chief city auditor is calling attention to what she calls major financial mismanagement at City Hall.

An audit there uncovered premature borrowing and investing of taxpayer funds, as well as obstruction of ongoing audits.

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Auditor Susan Rizzo wants her colleagues to cooperate with the audits instead of avoiding them by cancelling all previously scheduled meetings.

Albany Mayor Kathy Sheehan released the following statement in response:

This memo from City of Albany Budget Director Michael Wheeler to Chief City Auditor Susan Rizzo is in response to an audit of the City of Albany’s recent streetlight purchase undertaken by the Chief City Auditor – a transaction supported by the Chief City Auditor at the time.

I am taking the extraordinary step of sharing this response publicly because as you will see from this memo, the City has worked on incredibly tight deadlines, and at each stage of this project has made extremely prudent financial decisions that will save the City of Albany millions of dollars.

Furthermore, the actions of the Chief City Auditor are in direct conflict with guidance established under the United States Government Accountability Office’s & Comptroller General of the United States’ Government Auditing Standards.

It is troubling that the Chief City Auditor has decided to use the powers of the Office of Audit and Control in a manner that is in direct conflict with national standards. The residents of Albany deserve better.

My administration will continue to make decisions that are in the best interests of Albany taxpayers.

Credits

WNYT Staff

Copyright 2019 WNYT-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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