Skip to Content

Login   Subscribe   Site Index   Contact Us   Google Translate™

NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Hornby Fire Company, Inc. – Internal Controls Over Financial Activities (2014M-78)


Released: July 11, 2014 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to examine the recording and reporting of the Company’s financial activity for the period January 1, 2012 through February 6, 2014.

Background

The Hornby Fire Company, Inc. is located in the Town of Hornby in Steuben County. The Company contracts with the Town to provide fire protection services. The Company’s bylaws stipulate that decision-making powers lie with the membership’s vote.

Key Findings

  • The President did not sign vouchers or appoint members to an audit committee.
  • The Treasurer did not prepare bank reconciliations.
  • The Secretary did not issue receipts for all cash collected.

Key Recommendations

  • Ensure that bylaws are being followed, including the President signing vouchers and appointing an audit committee or update the bylaws and assign these responsibilities to the Executive Committee.
  • Prepare bank reconciliations.
  • Issue receipts for all cash collected.

Local Government and School Accountability Contact Information:

Phone: (518) 474-4037; Email: localgov@osc.state.ny.us
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236