Issued Date
June 24, 2022
Audit Objective
Determine whether the Kortright Rural Fire District (District) Board of Fire Commissioners (Board) established adequate controls over financial activities to safeguard assets.
Key Findings
The Board did not establish adequate controls over financial activities to safeguard assets. The Board did not:
- Adequately segregate the Treasurer’s duties or implement mitigating controls.
- Properly monitor the Treasurer’s financial activities.
- Annually audit the Treasurer’s records.
- Seek competition for heating oil; had officials worked with the New York State Office of General Services (OGS) to use a State contract the District could have saved $2,805, 21 percent of the District’s heating oil cost.
Key Recommendations
l Periodically review bank statements, canceled checks and bank reconciliations.
- Annually audit the Treasurer’s records.
- Compare prices to help ensure purchases are cost effective and in the best interest of taxpayers.
District officials agreed with our recommendations and indicated they planned to take corrective action.