Averill Park No. 2 Fire District – Controls Over Financial Activity (2014M-183)

Issued Date
September 26, 2014

Purpose of Audit

The purpose of our audit was to assess the District’s financial controls for the period January 1, 2013 through March 31, 2014.

Background

The Averill Park No. 2 Fire District is a district corporation of the State, distinct and separate from the Town of Sand Lake in Rensselaer County. The District, which is governed by an elected five-member Board of Commissioners, serves a population of approximately 3,500. The 2014 general fund budget totals $555,869.

Key Findings

  • The Board did not ensure that annual financial reports were submitted to OSC in a timely manner each year.
  • Independent audits were not performed for 2012 or 2013.

Key Recommendations

  • Ensure that the Treasurer completes and submits the annual financial report with OSC in a timely manner each year.
  • Ensure that the required independent audit is performed each year.