Inaugural Popular Annual Financial Report
Inaugural Popular Annual Financial Report Gives the Public Window into County Finances Kingston, NY (October 20, 2020) – Ulster County Comptroller March Gallagher has released Ulster County’s first ever Popular Annual Financial Report (PAFR). The Government Financial Officers Association notes that a PAFR is a way to communicate selected financial …
2020 2nd Quarter Report
Comptroller’s 2020 Mid-Year Financial Report Underscores Pandemic Impact on Budget Performance and Economy Kingston, NY (September 16, 2020) – Ulster County Comptroller March Gallagher released the 2020 SecondQuarter Financial Report. As of June 30, the county has collected 46.5% of budgeted revenues compared to 48.0% collected at this time last …
Short Term Rental Occupancy Tax Audit
Short-term Rental Occupancy Tax Collection Inefficiencies Lead to Lost Revenues Kingston, NY (June 24, 2020) – Ulster County Comptroller March Gallagher released a two-part report on the program and finance aspects of occupancy tax revenues for short-term rental transactions in Ulster County. Occupancy tax collections have increased from $1.2 million …
Ulster County Taxation of Real Property Transactions
Equitably Taxing Real Property Transactions to Relieve Ulster County Taxpayers Kingston, NY (June 15, 2020) – Ulster County Comptroller March Gallagher released a report on taxation of real property transactions in Ulster County. The Ulster County Clerk recorded 4,450 mortgages in 2019. As a result, the Clerk administered $1.85 million …
2019 Ulster County Fiscal Stress Test
Ulster County Fiscal Stress Level Increases But Remains in “No Designation” Category Despite Fund Balance Usage Kingston, NY (May 18, 2020) – Ulster County Comptroller’s Office has released the latest Ulster County Fiscal Stress Test results. The New York State Office of the State Comptroller (OSC) developed the Fiscal Stress …
2020 4th Quarter Report
Ulster County Used $7.2 Million in Fund Balance as Expenses Exceeded Revenues in 2019 Kingston, NY (May 12, 2020) – Ulster County Comptroller March Gallagher released the 2019 4th Quarterly Report. The Report is mandated under §C-57(I) of the Ulster County Charter which requires the Comptroller’s Office to report on …
Revenue Impacts of COVID-19 in Ulster County
County Comptroller Issues Discussion Brief on Potential Covid-19 Ulster County Revenue Impacts Kingston, NY (March 13, 2020) –Ulster County Comptroller March Gallagher today published a discussion brief of potential revenue impacts as a result of COVID-19. “COVID-19 is likely to have substantial negative impacts on Ulster County sales and use …
Fiscal Stress Test Results Are In: NYS Comptroller Confirms Ulster County’s Strong Performance
Fiscal Stress Test Results Are In: NYS Comptroller Confirms Ulster County’s Strong Performance Kingston, NY (September 26, 2019) – Comptroller Adele B. Reiter is pleased to announce that Ulster County has maintained its six-year history of “stress free” operations, according to NYS Comptroller Thomas DiNapoli’s 2018 annual Fiscal Stress Test …
Million$ Monitored January-June 2017
$82 Million in the First Six Months of 2017 Kingston, NY (August 17, 2017) – Over 13,000 invoices totaling in excess of $82 million were reviewed by the Office of the Ulster County Comptroller during the first six months of 2017. In addition the Office examined and monitored 444 contracts, …
Strong Fiscal Stability Continues
Environmental and Financial Indicators Remain Healthy Kingston, NY (August 07, 2017) –Financial competence remains healthy after the fiscal stress of Ulster County government was objectively tested. Five categories, including fund balance, operating deficits, cash position, short term debt, and fixed costs were analyzed and appear to indicate that the County …
2017 Annual Audit Report Released
Risk Assessment Completed-Audit Plan Released ‘Sunlight’ is the Best Deterrent against Fraud or Carelessness Kingston, NY (April 3, 2017) – The Ulster County Office of the Comptroller submitted its 2017 Annual Audit Report to the Ulster County Legislature and Executive after careful analysis of a 2017 RISK ASSESSMENT QUESTIONNAIRE, which …
Contract Balloons From $30k to $290k
Comptroller’s Office Wants to Let the Air Out Of Amendment Inflation Kingston, NY (July 12, 2016)–The Office of the Ulster County Comptroller has called on Legislative Leaders, the Count Attorney and County Executive to consider adjustments to the County’s contract amendment process in the interest of fostering best practices and …