continued The committee’s primary objective is to develop ideas that could lead to either a cost-neutral airport or significantly lowering the impact on the town budget.
“We want to consider everything,” Scollin said, adding that the committee will have a six-month timeline to come up with suggestions.
Members of the seven-member committee are Scollin, Joe Spadaro, Joe Pickreign, Dennis Dwyer, Councilman Bob Bevilacqua, a resident or official from the town of North Elba, and the airport manager.
In early January, the state Comptroller’s Office released an audit of the Adirondack Regional Airport’s fuel inventory and capital projects in which it made three significant findings and suggested three ways to alleviate the problems.
Here are the key findings:
-The Airport could not account for 2,965 gallons of Jet A fuel costing $10,345 and 1,053 gallons of aviation gasoline costing $4,260 for the period Jan. 1, 2010 through March 31, 2011.
-The former bookkeeper failed to correctly complete the quarterly sales tax returns filed for the period September 2007 through December 2010, resulting in sales tax payments that exceeded the town’s actual sales tax obligations by approximately $162,000.
-The comptroller’s office found no evidence that the Town Board identified the projects to be undertaken, established authorized amounts, or identified the funding sources for nine projects totaling $3.5 million.
Here are the key recommendations:
-Ensure that airport management implements procedures for the daily reconciliations of fuel sales records to a physical inventory of the actual fuel on hand.
-Develop written procedures for the sales tax reporting process and assign someone separate from the preparation to review the returns for accuracy.
-Authorize each capital project by defining the project to be undertaken, establishing a maximum amount to be spent, and identifying the financing sources.