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Village of Massena receives clean audit

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MASSENA - Village officials learned this week they received a clean audit for the 2012-2013 fiscal year.

“The audit went did go very well. There were no major findings,” said Carl Seyfarth, of Seyfarth & Seyfarth CPA, Malone. “Our job is to come in and say whether or not we agree with them (village’s financial statements). You got a clean opinion, which means we agree with them.”

One item of note, Mr. Seyfarth said, was the village has a total equity of $-4.5 million, due in large part to $5.8 million in liability connected to retiree benefits.

“If you took that out, you would be $1.7 million in the good,” he said.

Trustee Francis J. Carvel asked how Massena compared to other communities.

“Most other entities are in the same spot as you guys,” Mr. Seyfarth said, adding the liabilities connected with retiree benefits rises each year.

Mr. Seyfarth did say the village had some accounts that weren’t reconciled as often as he would like, but other than that, he said the village and its treasurer, Julie Sharlow, were doing a fine job.

“Keep your eyes and ears open and keep doing what your doing,” he said. “You can’t do any better without adding people, and you don’t need more people.

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