Town Of Otsego Overestimated
Revenues, State Auditors Find
FLY CREEK – The Otsego Town Board “did not adopt realistic budgets; budgets varied significantly from the actual results each year,” state Comptroller Tom DiNapoli concluded in an audit of town finances released over the weekend. The Town of Otsego includes the Village of Cooperstown west of the Susquehanna River.
An analysis showed divergences at high as 64 percent between estimated and actual revenues over four years.
In her response to DiNapoli, Supervisor Anne Geddes-Atwell said she and town board members Bennett Sandler, Thomas Hohensee and Julie Huntsman have “worked diligently” with the state auditors, agree with the findings and have put a corrective plan in place.