Purpose of Audit

The purpose of our audit was to determine if the Board appropriately provided individual life insurance policies to District employees for the period January 1 through December 31, 2013.

Background

The Massapequa Water District is located in the Town of Oyster Bay in Nassau County and serves the entire incorporated village of Massapequa Park and part of the hamlet of Massapequa. It is governed by an elected three-member Board of Commissioners. Expenditures for 2013 totaled approximately $5 million.

Key Finding

• The District currently holds seven individual life insurance policies for its four administrators and 14 full-time employees. GML only authorizes group term life insurance policies for employees of a water district.

Key Recommendation

• Review the insurance policies currently held and take steps to ensure all insurance policies are in compliance with legal requirements.