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Audit Objective

Determine whether the Board provided adequate oversight to ensure District financial records and reports were prepared, filed and/or audited.

Key Findings

• The Board provided inadequate and ineffective oversight of the District’s operations and did not comply with General Municipal Law financial filing and audit requirements.
• For seven consecutive years, an annual update document (AUD), which is a required annual financial report, was not properly filed.
• The required annual independent audit of the District’s financial records was not performed since 2012, and the length of service awards program (LOSAP) that started in 1990 was never audited.

Key Recommendations

• Ensure AUDs are submitted to OSC within 60 days after the close of the fiscal year.
• Obtain an annual independent audit of the District’s financial and LOSAP records.

District officials agreed with our recommendations and have initiated or indicated they planned to initiate corrective action.