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Tompkins County finance director outlines benefits and risks of centralizing fiscal functions
Summary
Director of Finance Daryl presented an audit-style review for the Tompkins County Budget & Capital Planning Committee arguing centralizing finance could improve reporting, reduce duplication and strengthen internal controls, but cautioned of disruption, collective-bargaining impacts and training needs.
Daryl, Tompkins County’s director of finance, told the county’s Budget & Capital Planning Committee on May 11 that centralizing the county’s fiscal functions could deliver clearer reporting and operational efficiencies but would be a “difficult transition.”
Daryl outlined four goals for any consolidation: “enhance financial reporting and transparency, improve access to real time and timely financial data, increase operational efficiency and consistency, [and] strengthen fiscal oversight and internal controls.” He said current challenges include inconsistent fiscal…
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