Purpose of Audit

The purpose of our audit was to determine whether controls were adequate to ensure that financial activity was properly recorded and reported and that District money was safeguarded for the period January 1, 2015 through December 27, 2016.

Background

The Kenilworth Fire District No. 2 is a district corporation of the State, distinct and separate from the Town of Tonawanda in Erie County. The District is governed by an elected five-member Board of Fire Commissioners. The general fund budget for 2017 totaled approximately $690,800.

Key Finding

• The Treasurer does not provide monthly financial reports to the Board during the year and the Board does not review bank reconciliations or canceled check images.

Key Recommendation

• Provide oversight of the Treasurer’s duties throughout the year, including a periodic review of the Treasurer’s monthly budget-to-actual revenue and expenditure reports, bank reconciliations and supporting documentation, such as bank statements and canceled check images.