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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Bovina Fire District – Fund Balance (2015M-138)


Released: August 21, 2015 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to determine if District officials properly managed the District’s fund balance for the period January 1, 2014 through May 31, 2015.

Background

The Bovina Fire District is a district corporation of the State, distinct and separate from the Town of Bovina, and is located in Delaware County. The District is governed by an elected five-member Board of Commissioners. The District’s 2015 budgeted appropriations totaled $95,380.

Key Findings

  • The Board has not formally established capital reserves.
  • The District does not have an equipment replacement schedule and there is no consensus between Commissioners or Department officials regarding capital planning.

Key Recommendations

  • Establish formal reserve funds using money designated for capital purposes or use the balance of funds on hand to reduce future tax levies.
  • Develop a written long-term capital plan that details anticipated equipment replacement needs based on useful life.

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