Meridale Fire Department and Emergency Squad - Cash Receipts and Disbursements (2018M-203)

Issued Date
January 04, 2019

[read complete report - pdf]

Audit Objective

Determine whether Department officials established adequate controls over cash receipts and disbursements.

Key Findings

  • Cash receipt and disbursement duties were not adequately segregated and mitigating controls were not implemented.
  • Fundraising revenues of more than $8,400 were deposited between 26 and 59 days after collection.
  • Meeting minutes did not always contain adequate information regarding bills approved for payment.

Key Recommendations

  • Segregate cash receipt and disbursement duties.
  • Deposit all money timely.
  • Ensure that the minutes contain adequate information regarding the bills that membership approved for payment.

Department officials generally agreed with our recommendations and indicated they planned to initiate corrective action.