Kingston, NY (March 11, 2024) — The Ulster County Comptroller’s Office released the Audit of the Ulster County CARES I Grant Program today. The CARES I Program was funded with federal Coronavirus Aid, Relief, and Economic Security Act funds and grant awards were announced on December 24, 2021.
The audit of the Ulster County Small Business CARES I grant program uncovered several significant issues. Deviations from eligibility requirements and misalignment of expenditures with legislative intent were identified. Findings revealed grants awarded to ineligible recipients, including those who exceeded the income threshold and residing outside of Ulster County. Notably, funds were used to fit up an Airbnb in one instance. Moreover, a potentially fraudulent award resulted in a $15,000 loss to County taxpayers, and there was a failure to meet IRS informational return filing requirements. Addressing these issues is crucial for transparency, accountability, and ensuring effective fund allocation to support Ulster County businesses while safeguarding taxpayer resources. It’s important to acknowledge the recent leadership change within the Office of Economic Development and clarify that the audit findings are not associated with the new Administration.
