Audits of Local Governments and School Districts
Town of Morehouse – Records and Reports (2012M-75)
Released: July 20, 2012 -- [read complete report - pdf]
Purpose of Audit
The purpose of our audit was to review the Town's records and reports for the period January 1, 2010, to January 25, 2012.
The Town of Morehouse is located in Hamilton County. The Town Board is responsible for overseeing the Town's financial operations and establishing effective policies and procedures that govern Town transactions. The Town's 2012 adopted budget totaled $788,400.
- The Board did not provide adequate oversight of the Town's finances.
- The Supervisor has not maintained revenue accounts in the accounting software, reconciled the bank statement balances of cash to the general ledger cash accounts, filed monthly or annual reports with the Board, and has not filed required annual update documents with the Office of the State Comptroller (OSC) for the last four years.
- Implement fiscal policies to ensure that the Town's accounting records, as maintained by the Supervisor, are complete, accurate and up-to-date.
- Require that the Supervisor provide monthly financial reports that include a listing of all moneys received and disbursed, budget-to-actual comparisons, fund balance amounts, and reconciled cash balances for each fund. Ensure that the Town's annual financial reports are prepared and filed in a timely manner with the Office of the State Comptroller.
Local Government and School Accountability Contact Information:
Phone: (518) 474-4037; Email: firstname.lastname@example.org
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236