Purpose of Audit

The purpose of our audit was to determine if the Supervisor properly accounted for and reported the Town’s financial transactions for the period January 1, 2011 through July 31, 2014.

Background

The Town of Caton is located in Steuben County and has a population of approximately 2,200. The Town is governed by an elected five-member Town Board. Budgeted appropriations for 2014 totaled approximately $1.5 million.

Key Findings

• The Town does not have complete, accurate and up-to-date accounting records because the Supervisor did not provide adequate oversight of the bookkeeper.
• The Supervisor did not provide the Board with sufficient interim financial reports.
• The Supervisor did not file the annual financial report with OSC for 2012 and 2013 in a timely manner.

Key Recommendations

• Provide the bookkeeper with necessary financial training and review her work to ensure that all financial activity is accurate.
• Provide the Board with accurate and complete monthly reports.
• File the annual financial report with OSC and the clerk in a timely fashion.