Audits

Business official says financial “guardrails” slipped in 2022–23, leading to audit findings; problems were corrected in 2023–24.

Comptroller audit cites late and inaccurate reports, weak controls and millions moved without required review in Riverhead schools, 2022–24.

Riverhead’s new audited financial statements show the town ended 2024 on solid footing with a clean opinion from its independent auditors, rising savings across major funds, and continued progress paying for infrastructure.

The mistake, first discovered by the auditor as it completed the 2020 audit, was fully corrected by fiscal year 2023 and the town faces no penalties for the error, according to Riverhead Financial Administrator Bill Rothaar.

Riverhead Town officials adequately assessed the impact of the pandemic on financial operations when they developed the 2021 operating budget, a review by the Office of the State Comptroller found.

Fiscal Year 2018 was the first year the town did not have any significant or material deficiencies in its audited financial statements, the town's outside auditors reported to the town board last week.

Jill Sanders of Cullen & Danowski, LLP gave a presentation at Tuesday night's board of education meeting in which she stated that the firm...