Ulster County regularly maintains more than $200 million in cash that could be more strategically invested to maximize the potential for investment earnings. In May of 2023, the County Legislature adopted a new Investment Policy to address the findings of our previous audit. As a result, we have performed this audit to determine if the County has complied with the new Policy, and to determine if appropriate changes have been made to address the recommendations made in our initial audit of investments. The period for this follow-up audit is from January 1, 2022, through September 30, 2023.
