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NYS Comptroller

THOMAS P. DiNAPOLI

Taxpayers' Guide to State and Local Audits

Audits of Local Governments and School Districts

Town of Unadilla – Financial Operations (2012M-182)


Released: December 14, 2012 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to review the Town's financial operations for the period January 1, 2011, through June 12, 2012.

Background

The Town of Unadilla is located in Otsego County with a population of 4,392 residents. The Town is governed by a Town Board comprising the elected Town Supervisor and four elected Board members. The Town's 2012 budgeted appropriations were approximately $1.4 million.

Key Findings

  • While internal control deficiencies existed during our audit period, the Board and Supervisor have corrected many of these deficiencies in the Town's financial operations. However, control weaknesses still remain in the oversight of the accounting functions handled by the bookkeeper. The current bookkeeper has control of the check stock and is still responsible for printing all checks, processing payrolls, and preparing the monthly bank reconciliations.
  • The Board did not audit the Supervisor's records for 2011.

Key Recommendations

  • Segregate the duties of printing checks, processing payroll, and preparing monthly bank reconciliations, or institute compensating controls such as supervisory review of the bank statements and canceled checks.
  • Audit the Supervisor's financial records annually.

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