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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts


Sempronius Fire Company – Financial Activities (2017M-231)


Released: January 26, 2018 -- [read complete report - pdf]

Purpose of Audit

The purpose of our audit was to assess whether the Board of Directors provided adequate oversight of the Company’s financial activities for the period January 1, 2016 through August 31, 2017.

Background

The Sempronius Fire Company is affiliated with the Three Town Fire District in Cayuga County and provides fire protection services for the Towns of Niles and Sempronius. The Company is governed by a five-member Board. Operating expenses in 2016 totaled $40,849.

Key Findings

  • The Board did not perform an annual audit of the Treasurer’s records.
  • Profit and loss (P&L) statements were not prepared for fundraising events held in 2016 with revenues totaling $59,449.

Key Recommendations

  • Perform an annual audit of the Treasurer’s records.
  • Ensure that detailed P&L statements are prepared for each fundraising event.

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