Tuesday, April 29, 2025 | St. Lawrence County, NY
BY ADAM ATKINSONNorth Country This WeekPOTSDAM — The village of Potsdam’s new auditing firm is closing in on the municipalities past due annual audits.
Village Administrator Isabelle Gates-Shult told village board members …
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BY ADAM ATKINSONNorth Country This WeekPOTSDAM — The village of Potsdam’s new auditing firm is closing in on the municipalities past due annual audits.
Village Administrator Isabelle Gates-Shult told village board members at their meeting March 17 that the municipality’s 2022-2023 audit could be completed by accountants from EFPR Group, LLP in a few days.
“The village's auditor is in the process of finalizing the 2023 audit and does expect to have the numbers completed by the end of this week,” Gates-Shult said.
The 2023-2024 audit, also past due, could soon follow.
“So at the same time, the auditors are also working on the 2024 audit, which is going to bring our financials up to date,” the administrator said. “So this effort is going to continue to help the village catch up and establish a regular timeline for completing future audits.”
The village recently hired the firm, approving the contract with the Rochester-based accounting firm in January.
The village’s previous firm was unable to complete the audits, which are required by the state, in a timely fashion due to staffing issues, village officials have said.
The annual audit is required of municipalities by the state and is traditionally available in February for the previous fiscal year. However, in recent years, the village has not received its audits until the following October, if at all.
Former Village Trustee Monique Tirion who resigned several weeks ago, had regularly raised concerns about the delay in receiving audits, pointing out how difficult it was for board members to make informed decisions on financial issues without the audit data.
EFPR also conducts audits for the Town of Potsdam and Village of Massena.
“We are on track to meet our goal of being fully caught up on all outstanding audits by the end of this fiscal year. So we will be on track starting June 1, 2025, which is really exciting,” Gates-Shult said.
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