Purpose of Audit

The purpose of our audit was to review internal controls over the Facility’s financial operations for the period June 1, 2013 through August 31, 2014.

Background

The Carthage-West Carthage Water Pollution Control Facility provides waste treatment to the Villages of Carthage and West Carthage, Jefferson County, and is overseen by a seven-member Board. Budgeted appropriations for the 2014-15 fiscal year total approximately $1.3 million.

Key Findings

• No Facility official independent of the cash disbursement process reviews the bank reconciliations.
• No Facility official reviews the Clerk-Treasurer’s work.

Key Recommendations

• Provide the Board with monthly bank reconciliations, including bank statements and canceled check images.
• Establish compensating controls to routinely monitor and review the Clerk-Treasurer’s work.