Purpose of Audit

The purpose of our audit was to review the Town’s spending of casino compact moneys for the period January 1, 2010, to April 30, 2012.

Background

The Town of Brasher is located in St. Lawrence County and has approximately 2,500 residents. The Town Board, which is the Town’s legislative body, includes the Town Supervisor and four Board members. The Town’s 2012 budget appropriations were approximately $2.1 million.

Key Findings

• The Board generally expended casino compact revenue during our audit period in accordance with the nature of the approved spending plans. However, expenditures totaling $38,322 were not adequately supported and a payment of $36,358 was not Board-authorized.
• The records of moneys disbursed did not always distinguish expenditures by spending plan and intended uses.

Key Recommendations

• Ensure all expenditures of casino compact moneys are authorized and adequately supported.
• Ensure that records for casino compact moneys identify revenues received by spending plan, disbursements and uses against the respective spending plans, and the proposed purpose of any remaining funds.