Three Audits, Beginning with the Queens Borough Public Library
New
York City Comptroller Scott M. Stringer announced today he will conduct
comprehensive audits of New York City’s three library systems. Stringer
officially
commenced the series of audits by sending an audit engagement letter yesterday to Thomas
W. Galante, President and CEO of the Queens Borough Public Library.
“Our
public libraries are vital resources for New Yorkers and taxpayers
deserve to know that public money is being used appropriately,” Stringer
said. “My auditors will assess whether the
spending practices of our library systems follow applicable rules and
prudent business practices. We want our libraries to maximize the value
of the public funds they receive while finding ways that they can be
more efficient and effective from top to bottom.”
The planned audits
will examine a broad range of fiscal controls at the Queens Borough
Public Library, New York Public Library (which serves Manhattan, The
Bronx and Staten Island), and the Brooklyn Public
Library including scrutiny of spending practices, executive pay and
compensation. Auditors will also look at funding of capital
improvements, the use of city tax levy funds as well as the oversight
role of the library systems’ individual boards of trustees.
To read the Comptroller’s audit engagement letter, click
here.
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View the latest Comptroller's office videos on Youtube.
