Skip to Content

Login   Subscribe   Site Index   Contact Us   Google Translate™

NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Newfield Fire Company, Inc. - Internal Controls Over Financial Activity (2014M-346)


Released: January 30, 2015 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to review controls over cash receipts and disbursements for the period January 1, 2013 through September 5, 2014.

Background

The Newfield Fire Company, Inc. is a not-for-profit organization located in the Town of Newfield, Tompkins County. The Company, which is governed by a 10-member Board of Directors, contracts with the Town to provide fire protection and emergency services. Budgeted appropriations for 2014 totaled approximately $360,000.

Key Finding

  • The Auditing Committee and the independent auditor did not have procedures in place to obtain or review canceled check images, and adequate documentation of the President’s approval for disbursements was not always kept.

Key Recommendation

  • Ensure that adequate documentation is available for the Auditing Committee and the independent auditor to perform their annual audits.

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