Saratoga County Treasurer Kupferman Announces County Receives Clean Audit

Saratoga County Treasurer JoAnn Kupferman today announced the County received a clean audit report, which demonstrates the excellent fiscal stewardship of the Treasurer’s Office and is an important measure of financial stability for county government.

The audit also reaffirms the County’s strong credit ratings by both Standard and Poors (AA+) and Moody’s (Aa1) and reflects the County’s responsible and transparent financial practices.

The independent auditor, EFPR Group, reported that Saratoga County received an unmodified opinion (clean opinion) for FY2024. According to the report, the auditor found the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America (GAAP).  

Additionally, the audit did not identify any deficiencies in internal control and noted the County’s exceptionally light debt burden. While it is the Auditor’s responsibility to express an opinion on the financial statements, it is management’s responsibility to provide an accurate accounting and financial report that demonstrates a constructive and transparent effort to clearly communicate its financial story.

“I’m pleased to present another clean audit report for the taxpayers of Saratoga County,” Saratoga County Treasurer JoAnn Kupferman said. “This clean audit reflects the diligent work we’ve done for the past ten years in the County Treasurer’s Office to consistently follow appropriate policies, procedures and the GAAP to ensure Saratoga County’s financial statements are complete, compliant, and transparent. Ensuring County funds are managed responsibly, placing the County in a healthy financial position, is a top priority.”

Additionally, the Saratoga County Treasurer’s Office notes that a review of the County’s financial reports shows that the County has seen the beginning of a trend requiring the use of fund balance for budgetary purposes. 

It is important to note this practice is unsustainable.  In order to ensure the County’s financial stability in the long term, an in-depth review of revenues and expenses will be ongoing.  

This report and Saratoga County’s financial reports spanning the years 2006 to 2024 can be found at www.SaratogaCountyNY.gov/Treasurer.