Cohoes audit is positive, concerns with capital projects

Cohoes audit is positive, concerns with capital projects

COHOES, N.Y. — The Cohoes audit was “good news,” overall, said Kenneth Claflin, CPA, during a presentation of the audit during a recent council meeting. “It’s very similar to the prior year…We’ve actually had general fund profits,” Claflin said. “Not a lot of changes from year to year, as you can see.” Cohoes is very liquid as a city, he said. Especially in the $11.7 million general fund in assets, they have a lot of cash and a lot of receivable…