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Audit Objective

Determine whether Village of Endicott (Village) officials ensured that non-payroll disbursements were appropriate, adequately supported and audited.

Key Findings

Village officials did not establish adequate procedures to ensure all disbursements are for appropriate purposes, adequately supported or properly audited.

• Key financial duties were not adequately segregated.
• Bank reconciliations were not performed correctly or in a timely manner.
• Claims were not properly audited.
• Of the $23.1 million in non-payroll disbursements made during the audit period, we examined disbursements totaling $287,210 and found they were supported and appropriate.

Key Recommendations

• Segregate financial duties or establish mitigating controls.
• Complete bank reconciliations accurately and in a timely manner.
• Properly audit all claims.

Village officials agreed with our recommendations and have initiated or indicated they planned to initiate corrective action.