Mr. Langley is "Stone Walling"

Supervisor Langley is making the claim that he has reduced the millions of dollars interfund debt in East Greenbush to $300,000.  He is supposedly doing this with the “support” of the Annual Update Documents (AUDs) submitted to the Office of the State Comptroller.  A couple of weeks ago, Moodys Investor Service moved East Greenbush from “Junk Bond” status to its watch list and then to no rating at all based on the fact that East Greenbush has failed to produce certified audits of its submitted AUDs.  There is a simple solution.  As the Chief Financial Officer of East Greenbush, Mr. Langley could certify his submitted AUDs upon which he is basing his campaign claims and submit them for audit by a competent CPA firm. 

I believe that the reason East Greenbush doesn’t have certified audits for the recent years is that the administration doesn’t want to get a “qualified” opinion from the CPA on the financial statements.  The Independent Auditors Report, Management Letter and the Notes to the Financials would be a real help in getting financial matters in order, but these elements of the audit report would also list the failures of management.  That’s why we don’t have the audits.  The probable “qualified” opinions from the CPA firm would also expose the claim of the Supervisor that he has reduced the inter fund debt.  Moodys called his hand, and he has no cards to play. 

By refusing to aggressively resolve the Town’s financial condition issues, Mr. Langley is also preventing the other Board members from having the information necessary to exercise their fiduciary responsibilities in the management of the Town.  Ms. Matters and Ms. DiMartino should be pointing that out to the Attorney General and the State Comptroller.  If they are being prevented from performing the oversight provided for by law, the Attorney General and State Comptroller should be intervening.  Mr. Langley could be getting dangerously close to a Financial Control Board.