Bovina Fire District – Fund Balance (2015M-138)

Issued Date
August 21, 2015

Purpose of Audit

The purpose of our audit was to determine if District officials properly managed the District’s fund balance for the period January 1, 2014 through May 31, 2015.


The Bovina Fire District is a district corporation of the State, distinct and separate from the Town of Bovina, and is located in Delaware County. The District is governed by an elected five-member Board of Commissioners. The District’s 2015 budgeted appropriations totaled $95,380.

Key Findings

  • The Board has not formally established capital reserves.
  • The District does not have an equipment replacement schedule and there is no consensus between Commissioners or Department officials regarding capital planning.

Key Recommendations

  • Establish formal reserve funds using money designated for capital purposes or use the balance of funds on hand to reduce future tax levies.
  • Develop a written long-term capital plan that details anticipated equipment replacement needs based on useful life.