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Menands board accepts 2024 audit after auditors report $276,000 general-fund shortfall
Summary
BST auditors reported about 25 audit adjustments, healthy water/sewer funds but an operating deficit in the general fund of roughly $276,000 and an unassigned spendable balance near $183,000; the board voted to accept the audit and to pursue reconciliations and follow-up.
Brendan Kennedy, a partner at BST & Co. CPAs, told the Menands Village Board on Dec. 1 that BST needed about “25 adjusting entries” to bring the village’s 5/31/2024 records into audit-ready form and that the village’s general fund ran an operating deficit for the year. Kennedy said operations produced a shortfall of about $276,000 and that the village’s unassigned (spendable) general-fund balance was roughly $183,000.
Kennedy said the water and sewer funds were…
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