Supervisor’s Report – June 29, 2018
This week we received the final Audit Report on the Town’s 2017 financial statements. This was the third year in a row that the Town’s books were audited, an achievement unprecedented in the Town’s history. More importantly, we received a clean audit opinion with no material or significant deficiencies in our financial statements. Further, the audit confirmed that the Town’s finances are in excellent shape after more than a decade of negative fund balances, interfund borrowing mistakes and poor internal control. With three years of audited financial statements we can now return to Moody’s Investor Services to request a new credit rating.
In other exciting news, we have reached substantial completion on the new building in the Town Park. Funded primarily with Generic Environmental Impact Statement (GEIS) fees contributed by developers for the express purpose of improving our parks infrastructure, this is another example of proper fiscal practice as this is the first time that funds dedicated for the parks have been used as intended. The building will be used for summer camp and other Town events and will be available to residents to rent for parties and other functions. The building will be heated and has a kitchen, concession window and ADA-compliant restrooms. We’re also developing a new trail system at the Town Park which will include a connection with the Jaime M. Adams field used by the Capital Region Miracle League.
We have awarded the contract for the Water Meter Installation component of the Hampton Manor Water Improvement Project. Installations will begin in August. We’ll call a public meeting at the end of July so that Manor residents can meet the contractor and learn the details of how the installation process will be conducted. The Town Board has also authorized repair work on the water lines on Washington and Madison Avenues (East).
We anticipate that our 2018 paving program will commence in July. We realize that the annual paving budget does not allow us to do all of the roads that need work so we’re considering a major paving initiative in 2019.