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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

North Queensbury Volunteer Fire Company – Controls Over Financial Activities (2014M-167)


Released: September 5, 2014 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to evaluate the oversight of the Company’s financial operations for the period January 1, 2012 through February 28, 2014.

Background

The North Queensbury Volunteer Fire Company is a not-for-profit corporation located in the Town of Queensbury, Warren County. The Company contracts with the Town to provide fire protection services to the Town’s northern area and is governed by a seven member Board. During 2013, revenues totaled approximately $345,000 and disbursements totaled approximately $307,000.

Key Findings

  • The Board does not approve purchases less than $1,000 made by committees.
  • Not all disbursements were supported by receipts or invoices.

Key Recommendations

  • Approve all payments for purchases made by committees.
  • Ensure that all disbursements are properly supported with appropriate documentation before the Treasurer signs the checks.

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