[read complete report - pdf]

Audit Objective

To examine the adequacy of internal controls over selected financial activities to properly account for and safeguard Town funds.

Key Findings

• The Board did not provide proper oversight to the bidding process, capital project management or the claims audit process.
• The former senior account clerk (account clerk) paid a vendor, who is a relative, a double payment of $86,154.
• The former account clerk did not reimburse the Town $499 for healthcare coverage.

Key Recommendations

The Board should provide stronger oversight by:

• Reviewing and approving proposals, bids, change orders and vendor requests for payment.
• Auditing claims prior to payment.
• Establishing reconciliation procedures.

Officials agreed with our recommendations and indicated they planned to initiate corrective action.