Audit Objective

Determine whether the Board provided adequate oversight and management of the District’s financial activities.

Key Findings

• The Treasurer did not provide the Board with adequate monthly financial reports, which limited the Board’s ability to manage the District’s financial affairs.
• The Board did not properly evaluate whether the purchase of a fire truck was compliant with General Municipal Law (GML).
• The District acted outside its legal authority when it paid insurance premiums totaling $43,334 that included coverage for property and equipment not owned by the District.

Key Recommendations

The Board should ensure that:

• Financial reports are accurate and comply with applicable laws.
• Competitive bids or competitive offers are awarded in accordance with GML.
• The District is operating within its legal authority.

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