Purpose of Audit

The purpose of our audit was to determine whether the Board properly monitored the Town’s disbursements for the period January 1, 2012, to January 22, 2013.

Background

The Town of Stockport is located in Columbia County and has a population of 2,815. The Town is governed by an elected five-member Town Board comprising the Town Supervisor and four Board members. The general and highway funds’ adopted budgets for the 2013 fiscal year are $433,291and $509,851, respectively.

Key Finding

• The system of controls implemented by the Board generally operated effectively. We reviewed the check sequence within and between all abstracts issued from January 1, 2012 through December 31, 2012 to ensure the check sequence was complete and all checks were accounted for. Five out of 674 checks totaling $6,257 were issued and paid but were not on abstracts, and the Town could not account for five checks. These five unaccounted for checks were not listed on any abstracts and were not paid. However, they were not identified as voided checks.

Key Recommendation

• Ensure all check numbers are accounted for, and all checks issued are listed on abstracts and approved by the Board.