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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Westerlo Volunteer Fire Company – Cash Disbursements (2014M-179)


Released: October 17, 2014 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to examine internal controls over cash disbursements for the period January 1, 2013 through February 28, 2014.

Background

The Westerlo Volunteer Fire Company, Inc. is a not-for-profit organization incorporated in 1938 in the Town of Westerlo, Albany County. The Company contracts with the Town to provide fire protection services to its residents. Revenues for 2013 totaled approximately $370,000.

Key Findings

  • There are no controls in place requiring the Board’s review and approval of claims prior to payment.
  • The audit committee did not audit the Treasurer’s records and submit its audit report as required.

Key Recommendations

  • Establish policies and procedures requiring the Board to review and approve claims prior to payment.
  • Ensure that the audit committee annually audits the Treasurer’s records and submits an annual report for the Board’s review.

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