Purpose of Audit

The purpose of our audit was to assess the Supervisor’s maintenance of financial records and reports for the period January 1, 2016 through July 21, 2017.

Background

The Town of Junius is located in Seneca County and has a population of approximately 1,500. The Town is governed by an elected five-member Town Board. Budgeted appropriations for 2017 total approximately $1.26 million.

Key Findings

• The financial records and reports are incomplete and not up-to-date.
• The Supervisor did not provide the Board with the necessary financial reports to adequately monitor operations.
• The Supervisor did not file required reports with agencies including OSC and the IRS.

Key Recommendations

• Maintain accurate, complete and up-to-date accounting records.
• Provide the Board with monthly reports that include an accounting of all cash receipts and disbursements, cash balances and budget-to-actual results for each fund.
• Submit accurate and timely financial reports to OSC and other appropriate reporting agencies.