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.