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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Long Lake Fire District No. 1 – Controls Over Financial Activities (2014M-272)


Released: December 19, 2014 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to evaluate whether the Company’s internal controls ensure that financial activity was properly recorded and reported and that Company moneys were safeguarded for the period January 1, 2013 through May 31, 2014.

Background

The Long Lake Fire District No. 1 is a district corporation of the State, distinct and separate from the Town of Long Lake, in Hamilton County. The Board of Fire Commissioners consists of five elected members and is responsible for the District’s overall financial management. The District’s budget for the 2014 fiscal year is $406,500.

Key Findings

  • The District has a debit card which was used to pay expenditures directly from the general fund checking account.
  • The Treasurer has not filed an annual financial report with OSC since 2011.

Key Recommendations

  • Discontinue the use of a debit card.
  • Ensure that the Treasurer file the annual financial report with OSC in a timely manner.

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