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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts

Stony Creek Volunteer Fire Company – Cash Disbursements (2015M-188)


Released: October 23, 2015 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to determine whether the Board provided adequate oversight of cash disbursements for the period January 1, 2013 through March 31, 2015.

Background

The Stony Creek Volunteer Fire Company provides fire protection services for the town of Stony Creek, Warren County. The Company, which has approximately 30 members, is governed by an elected nine-member Board of Trustees. Expenditures during our audit period totaled approximately $290,000.

Key Findings

  • The Board did not establish effective internal controls to address a lack of segregation in the Treasurer’s cash disbursement duties.
  • The Board did not establish policies or implement any procedures governing debit card use or review or approve any card-related transactions.

Key Recommendations

  • Provide oversight of the Treasurer’s activities by requesting and reviewing financial records.
  • Review and approve all debit card transactions before card purchases are made.

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